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.
Why is there a penalty on my Individual Income tax return/payment?
The Revenue Act of 1941, as amended (MCL 205.24) provides for penalty and interest charges if a taxpayer fails to pay a tax within the time specified. View a complete copy of the Revenue Act.
Full payment of tax is due April 15. After that date, penalty is 5% for the first two months or portion thereof and 5% for each additional month thereafter, up to a maximum of 25%.
View additional information on calculating the amount of penalty and interest due.