Sec. 15.
(1) If the state treasurer or the state legislature by resolution determines that it is in the best interest of this state, this state may withdraw from membership in the agreement. This state may withdraw from membership by submitting a notice of intent to withdraw to the governing board, the chief executive of each member state's tax agency, and the committees responsible for reviewing tax issues in the senate and the house of representatives and by posting the notice of intent on this state's website. The withdrawal will be effective on the first day of the calendar quarter that begins not less than 60 days after notice is given.
(2) This state will remain liable for its share of any financial or contractual obligations incurred by the governing board before the effective date of withdrawal. The appropriate share of those obligations shall be determined by this state and the board in good faith based on the benefits received and burdens incurred by both.
History: 2004, Act 174, Eff. July 1, 2004
Structure Michigan Compiled Laws
Act 174 of 2004 - Streamlined Sales and Use Tax Administration Act (205.801 - 205.833)
Section 205.801 - Short Title.
Section 205.803 - Definitions.
Section 205.805 - Purpose of Act.
Section 205.807 - Payment, Collection, and Remittance of Sales and Use Taxes; Provisions.
Section 205.811 - Controlling Effect; Parties to Agreement; Construction of Act.
Section 205.815 - Withdrawal From Membership.
Section 205.817 - Finding of Noncompliance; Sanctions; Expulsion.
Section 205.819 - Registration.
Section 205.821 - Models; Selection for Purposes of Collecting and Remitting Sales and Use Taxes.
Section 205.823 - Computation of Tax Remitted.
Section 205.825 - Certified Service Provider as Seller's Agent.
Section 205.827 - Personal Identifiable Information.
Section 205.829 - Liability of Registered Seller; Exceptions.
Section 205.831 - Notification of Change in Rate or Tax Base.