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72 (Rev. 01-11) RICK SNYDER GOVERNOR STATE OF MICHIGAN DEPARTMENT OF TREASURY LANSING ANDY DILLON STATE TREASURER March 20, 2013, NOTICE OF NEW PREPAID SALES TAX COLLECTION AND REPORTING REQUIREMENTS

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What is new prepaid sales tax?

New prepaid sales tax is a tax imposed on certain types of prepaid products or services that are sold by businesses.

Who is required to file new prepaid sales tax?

Businesses that sell prepaid products or services are required to file new prepaid sales tax.

How to fill out new prepaid sales tax?

To fill out new prepaid sales tax, businesses need to report the total amount of prepaid sales made during a specific period and calculate the tax owed.

What is the purpose of new prepaid sales tax?

The purpose of new prepaid sales tax is to generate revenue for the government based on prepaid sales made by businesses.

What information must be reported on new prepaid sales tax?

Businesses must report the total amount of prepaid sales, the tax rate applicable, and the calculated tax owed.

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