206.31b Adjustment; “mineral” and “qualified taxpayer” defined. Sec. 31b. (1) Notwithstanding any other provision of this part, for the 2013 tax year and each tax year after 2013, taxable income for purposes of this part means taxable income as determined under section 30 with the following adjustment. For the 2013 tax year and each tax […]
206.32, 206.34 Repealed. 1975, Act 233, Imd. Eff. Aug. 27, 1975. Compiler’s Notes: The repealed sections defined taxable income of corporations and financial institutions.
206.36 “Taxable income” of resident estate or trust defined; “oil and gas” defined. Sec. 36. (1) “Taxable income” in the case of a resident estate or trust means federal taxable income as defined in the internal revenue code subject to the following adjustments: (a) Add gross interest income and dividends derived from obligations or securities […]
206.4 “Business income” defined. Sec. 4. “Business income” means all income arising from transactions, activities, and sources in the regular course of the taxpayer’s trade or business and includes the following: (a) All income from tangible and intangible property if the acquisition, rental, management, or disposition of the property constitutes integral parts of the taxpayer’s […]
206.6 “Commercial domicile,” “compensation,” and “corporation” defined. Sec. 6. (1) “Commercial domicile” means the principal place from which the trade or business of the taxpayer is directed or managed. (2) “Compensation” means wages as defined in section 3401 and other payments as provided in section 3402 of the internal revenue code. (3) “Corporation” means, in […]
206.8 Definitions; D, E. Sec. 8. (1) “Department” means the revenue division of the department of treasury. (2) “Dependent” means a dependent as defined in section 152 of the internal revenue code. (3) “Employee” means an employee as defined in section 3401(c) of the internal revenue code. Any person from whom an employer is required […]
