206.1 Income tax act of 1967; short title. Sec. 1. This act is for the purpose of meeting deficiencies in state funds and shall be known and may be cited as the “income tax act of 1967”. History: 1967, Act 281, Eff. Oct. 1, 1967
206.10 “Fiduciary” defined. Sec. 10. “Fiduciary” means a guardian, trustee, executor, administrator, executrix, administratrix, receiver, conservator, or any person acting in any fiduciary capacity, whether or not a resident of this state. History: 1967, Act 281, Eff. Oct. 1, 1967 ;– Am. 1971, Act 76, Imd. Eff. July 30, 1971 ;– Am. 1972, Act 181, […]
206.12 Definitions; F to N. Sec. 12. (1) “Flow-through entity” means an S corporation, partnership, limited partnership, limited liability partnership, or limited liability company. Flow-through entity does not include a publicly traded partnership as that term is defined in section 7704 of the internal revenue code that has equity securities registered with the securities and […]
206.14 Nonbusiness income, nonresident and nonresident estate or trust; definitions. Sec. 14. (1) “Nonbusiness income” means all income other than business income. (2) “Nonresident” means any individual who is not a resident. (3) “Nonresident estate or trust” means any estate or trust not included in the definition of a resident estate or trust. History: 1967, […]
206.16 Person; definition. Sec. 16. “Person” includes any individual, firm, association, corporation, receiver, estate, trust or any other group or combination acting as a unit, and the plural as well as the singular number. History: 1967, Act 281, Eff. Oct. 1, 1967
206.18 Resident and domicile; definitions. Sec. 18. (1) “Resident” means: (a) An individual domiciled in the state. “Domicile” means a place where a person has his true, fixed and permanent home and principal establishment to which, whenever absent therefrom he intends to return, and domicile continues until another permanent establishment is established. If an individual […]
206.2 Income tax act; rules of construction; internal revenue code, applicability. Sec. 2. (1) For the purposes of this part, the words, terms and phrases set forth in this chapter and their derivations have the meaning given therein. When not inconsistent with the context, words used in the present tense include the future, words in […]
206.20 Sales and state; definitions. Sec. 20. (1) “Sales” means all gross receipts of the taxpayer not allocated under sections 110 to 114. (2) “State” means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States, and any foreign country, or political […]
206.22 “Tax” and “taxable value” defined. Sec. 22. (1) “Tax” includes interest and penalties and further includes the tax required to be withheld on income under part 3, unless the intention to give it a more limited meaning is disclosed by the context. (2) “Taxable value” means taxable value as calculated under section 27a of […]
206.24 “Tax year” or “taxable year” defined. Sec. 24. “Tax year” or “taxable year” means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which taxable income is computed under this part. In the case of a return made for a fractional part of a year, the term […]
206.26 “Taxpayer” defined. Sec. 26. “Taxpayer” means any person subject to the taxes imposed by this part or subject to the withholding requirements under part 3. History: 1967, Act 281, Eff. Oct. 1, 1967 ;– Am. 2003, Act 50, Eff. Oct. 1, 2003 ;– Am. 2011, Act 38, Eff. Jan. 1, 2012 ;– Am. 2016, […]
206.28 Repealed. 2011, Act 38, Eff. Jan. 1, 2012. Compiler’s Notes: The repealed section pertained to definition of “taxable income” or “net income”.
206.30 “Taxable income” defined; personal exemption; single additional exemption; deduction not considered allowable federal exemption for purposes of subsection (2); allowable exemption or deduction for nonresident or part-year resident; subtraction of prizes under MCL 432.1 to 432.47 from adjusted gross income prohibited; adjusted personal exemption; “retirement or pension benefits” defined; limitations and restrictions; treatment of […]
206.30a Taxable income; adjustment. Sec. 30a. Notwithstanding any other provision of this part, for the 2012 tax year and each tax year after 2012 through the 2021 tax year, taxable income for purposes of this part means taxable income as determined under section 30 with the following adjustment. For the 2012 tax year and each […]
206.30b-206.30c Repealed. 1996, Act 484, Eff. Jan. 1, 1997. Compiler’s Notes: The repealed sections pertained to certain allowable deductions.
206.30d Repealed. 2011, Act 38, Eff. Jan. 1, 2012. Compiler’s Notes: The repealed section pertained to short title of amendatory act and dependent child exemption.
206.30e Repealed. 2018, Act 38, Imd. Eff. Feb. 28, 2018. Compiler’s Notes: The repealed section pertained to “dependent” defined.
206.30f Repealed. 2018, Act 38, Imd. Eff. Feb. 28, 2018. Compiler’s Notes: The repealed section pertained to taxable income adjustment for educational savings accounts.
206.31 Repealed. 2011, Act 38, Eff. Jan. 1, 2012. Compiler’s Notes: The repealed section pertained to taxpayers residing in renaissance zone.
206.31a Taxable income; determination; deduction; eligibility; filing annual return; withholding form; filing claim to which not entitled; penalty and interest; taxable income derived from illegal activity; calculation of net operating loss deduction; change in status; definitions. Sec. 31a. (1) Notwithstanding any other provision of this act and for the 2012 tax year and each tax […]
