Introduced
by
To revise the “sales factor apportionment” in the formula that determines the base on which a company’s Single Business Tax is levied. This provision relates to how much of a company’s sales are outside vs. within Michigan, which is one of the elements of a firm’s SBT base. The bill would base the apportionment formula 100 percent on sales, eliminating property and payroll factors.
Referred to the Committee on Tax Policy
