Introduced
by
To clarify treatment under the Michigan Business Tax of a taxpaying entity “disregarded for federal income tax purposes” under the former Single Business Tax act. This applies to a business whose revenue is included in a tax return filed by a larger entity with which it is connected, and is said to prevent "pyramiding" in which a tax is levied more than once on the same business activity.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the bill pass.
Passed in the House 107 to 0 (details)
Referred to the Committee on Finance
Reported without amendment
Passed in the Senate 38 to 0 (details)
To clarify treatment under the Michigan Business Tax of a taxpaying entity “disregarded for federal income tax purposes” under the former Single Business Tax act. This applies to a business whose revenue is included in a tax return filed by a larger entity with which it is connected, and is said to prevent "pyramiding" in which a tax is levied more than once on the same business activity.
