Currently, each of those Acts requires the State to withhold the issuance of a certificate of dissolution or withdrawal for a corporation organized under Michigan laws, or those of another state and admitted to do business in Michigan, until all taxes levied (under the respective Act) against the corporation have been paid, or until it is determined that the corporation is not indebted for any taxes levied under the Act. The bills would delete these provisions, and instead would require a domestic or foreign corporation authorized to transact business in Michigan, that submitted a certificate of dissolution or withdrawal from the State, to request from the Department a certificate stating that taxes were not due, as provided in Section 27a of the revenue Act. (Section 27a requires a person who sells or quits a business to file a final tax return within 15 days after selling or quitting, and further requires the purchaser of a going or closed business to escrow sufficient money to cover taxes, interest, and penalties that may be due until the former owner produces a receipt from the Department showing that taxes are paid, or a certificate stating that taxes are not due.) The corporation would have to request the certificate from the Department within 60 days after submitting a certificate of dissolution or withdrawal. A corporation that did not request a certificate from the Department would be subject to the same penalties that a taxpayer would be subject to for failure to file a return, as provided in the revenue Act.