MI Earned Income Tax Credit, Retirement Tax, and Inflation Relief Initiatives
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Who can keep the monthly interest and late penalty that is imposed before March 1 on late State Education Tax (SET) payments?
Who can keep the monthly interest and late penalty that is imposed before March 1 on late State Education Tax (SET) payments?
If a county, city, or township collects the State Education Tax (SET) this summer, county allocated mills and/or village taxes, and is not collecting any other summer property taxes, the monthly interest and late penalty imposed before March 1 on late SET payments must be transferred to the State Treasurer. (MCL 211.905b(10))