2007 Senate Bill 324

FY 2008 Executive Budget “Revenue Enhancements”

Introduced in the Senate

March 1, 2007

Introduced by Sen. Michael Prusi (D-38)

To increase penalties on failing to file various taxes, including income tax withholding, sales and use tax, and more. Also, to require the Department of Treasury to post on the internet tax “bulletins” and private “letter rulings” regarding tax law regulations and interpretations. This is one of a number of “tax expenditure repeal” and related proposals included in Gov. Jennifer Granholm’s Fiscal Year 2007-2008 budget recommendation, which is based on approximately $1 billion in tax increases.

Referred to the Committee on Finance