General information
State | Abbr. | Capital | Largest city | Population | House seat(s) |
---|---|---|---|---|---|
Michigan | MI | Lansing | Detroit | 9,895,622 | 14 |
Authority
Michigan Department of Treasury
Lansing, Michigan 48922
Web: www.michigan.gov/taxes
Remarks
The zapper legislation has teeth. In addition to a one-year minimum mandatory jail term, there is a fine of up to $100,000. However, from a monetary perspective, there is another more costly provision which requires disgorgement of “all profits associated with the sale or use of a zapper. In the above example, if the skim is $50,000 a month, then $600,000 a year is subject to forfeiture. The offending party is also responsible for all Michigan sales, withholding and other taxes, penalties and interest. Michigan Bill analysis, Committee report