Taxation: administration; settlement process; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 21 of 1941 PA 122 (MCL 205.21). TIE BAR WITH: HB 5880'26, HB 5874'26

Summary

The bill revises the Department of Treasury’s audit and collection processes, adding standards for audits, a formal letter‑of‑inquiry, and an informal conference option for disputed taxes. It also creates a written settlement‑offer procedure and requires the department to adopt audit‑standard rules within a year. These changes affect taxpayers and the Treasury by clarifying how tax disputes are handled.

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