The Michigan Department of Treasury (DOT) Aug. 1 released an updated document detailing the Michigan Court of Appeal’s decision to uphold a use tax liability against a Michigan company for its direct mail advertisements. The document also provides recent guidance from the Treasury and discusses the tax implications of non-fungible tokens (NFTs). [Mich. Dep’t of Treasury, Michigan Treasury Update - August 2024, 08/01/24]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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