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.
Be aware! Scam text messages are circulating, falsely claiming to be from the Michigan Department of Treasury. These fraudulent messages attempt to deceive you into providing or updating your bank account information. Treasury will never text you for sensitive data. If you receive such a message, do not respond, click any links, or share any information. Delete it immediately.
School Review and Fiscal Accountability
financing programs to meet the needs of local units of government including: Cities, Villages, Townships, Counties, and various special purpose units.
School Bond Qualification & Loan
the bond process, finance teams, lost bonds and links to other resources.
Reports on the various taxes that the Department of Treasury administers as well as Treasury's annual reports and other revenue and budget reports.
A Revenue Administrative Bulletin (RAB) is a directive issued by the Bureau of Tax Policy. Its purpose is to promote uniform application of tax laws throughout the State by the Bureau of Tax Policy personnel and provide information and guidance to taxpayers.
Internal Policy Directives are prepared to provide guidance to department staff to insure uniformity in tax administration.
The various Divisions of the Department of Treasury are guided by State statutes, Administrative Rules, Court cases, Revenue Administrative Bureau Bulletins, Property Tax Commission Bulletins and Letter Rulings.
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Local Government Loan Program, State Revolving Funds, and School Loan Revolving Fund
One-time issuance fee based on size of the financing – not to exceed 20 bps
State Aid Notes
One-time issuance fee based on size of the financing – not to exceed 10 bps
Public School Academy State Aid Notes
One-time issuance fee based on size of the financing – not to exceed 50 bps; may be offset by accumulated earnings on prior appropriated funds
Private School Financings
One-time issuance fee – 25 bps on first $10 million 12.5 bps thereafter; not to exceed $40,000
Healthcare, Higher Education, and Public School Academies Long Term Financing
Ongoing annual operating fee based on outstanding principal loan amount for each borrower – not to exceed 10 bps with annual cap of $80,000 for Healthcare and $15,000 for Higher Education and Public School Academies
Healthcare, Higher Education, and Public School Academies Short Term (< 10 year) Vendor Financing
One-time issuance fee – not to exceed 30 bps
Healthcare Equipment Loan
Ongoing monthly fee based the principal amount of HELP bonds outstanding – not to exceed 10 bps
The Authority authorizes the Executive Director to establish uniform fees within the parameters stated above.
Adopted: 06/17/10