{"data":{"id":"us-mi/mich.-comp.-laws-205.240","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 205.240","heading":"Calculation of penalties and interest; accrual of interest on refunds.","body":"Sec. 40.\n\nPenalties and interest provided for under sections 23 and 24 of 1941 PA 122, MCL 205.23 and 205.24, shall be calculated on the balance of the tax due.\n\nInterest on refunds shall accrue in accordance with section 30 of 1941 PA 122, MCL 205.30.","path":["MI Code","Chapter 205","Act Act-188-of-1899"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-205-240","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d6533c1c43f6c084693d9ad4a608ae7c041b3378e5ea12fddcc9ad19af744383","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-205.239","next":"us-mi/mich.-comp.-laws-205.241"},"notice":"GroundRules: Original legal text. Not legal advice."}