Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
E19. Will there be a monetary penalty for failure to comply with the MBT e-file mandate?
No. However, if a preparer or taxpayer submits a computer-generated paper MBT return that is eligible for e-file, Treasury will not process the return and a notification will be mailed to the taxpayer. Payment received with a paper return will be processed and credited to the taxpayer's account even when the return is not processed.