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Can a township keep earned interest on county allocated mills tax payments prior to the time of remittance to the county treasurer?

April 26, 2017allocated County earned mills PAYMENTS prior remittance tax time Township

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Can a township keep earned interest on county allocated mills tax payments prior to the time of remittance to the county treasurer?

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No. The General Property Tax Act does not give express authority to keep the interest earned while the township treasurer is holding county allocated mills prior to the time of remittance to the county treasurer for the county allocated mills. The township treasurer is required to remit payments within 10 business days after the first and fifteenth day of each month.