Section 206.110 – Taxable Income of Individuals, Estates, or Trusts; Definitions; Allocation; Rents and Royalties.
206.110 Taxable income of individuals, estates, or trusts; definitions; allocation; rents and royalties. Sec. 110. (1) For a resident individual, estate, or trust, all taxable income from any source whatsoever, except that attributable to another state under sections 111 to 115 and subject to section 255, is allocated to this state. (2) For a nonresident […]
Section 206.111 – Rents and Royalties; Allocation.
206.111 Rents and royalties; allocation. Sec. 111. (1) Net rents and royalties from real property located in this state are allocable to this state. (2) Net rents and royalties from tangible personal property are allocable to this state: (a) If and to the extent that the property is utilized in this state; or (b) In […]
Section 206.112 – Capital Gains and Losses.
206.112 Capital gains and losses. Sec. 112. (1) Capital gains and losses from sales or exchanges of real property located in this state are allocable to this state. (2) Capital gains and losses from sales or exchanges of tangible personal property are allocable to this state if: (a) The property had a situs in this […]
Section 206.113 – Interest and Dividends; Allocation.
206.113 Interest and dividends; allocation. Sec. 113. Interest and dividends are allocable to this state if the taxpayer is a resident partnership, estate or trust or individual of this state or has a commercial domicile in this state. History: 1967, Act 281, Eff. Oct. 1, 1967 ;– Am. 1969, Act 332, Imd. Eff. Nov. 4, […]
Section 206.114 – Patent and Copyright Royalties; Allocation.
206.114 Patent and copyright royalties; allocation. Sec. 114. (1) Patent and copyright royalties are allocable to this state: (a) If and to the extent that the patent or copyright is utilized by the payer in this state; or (b) If and to the extent that the patent or copyright is utilized by the payer in […]
Section 206.115 – Apportionment of Business Income; Exception; Calculation.
206.115 Apportionment of business income; exception; calculation. Sec. 115. (1) Before January 1, 2012, all business income, other than income from transportation services, shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus the sales factor, and the denominator […]
Section 206.116-206.120 – Repealed. 2011, Act 38, Eff. Jan. 1, 2012.
206.116-206.120 Repealed. 2011, Act 38, Eff. Jan. 1, 2012. Compiler’s Notes: The repealed sections pertained to property factor, rental rate, average property value, determination of payroll factor, and determination of compensation paid in state.
Section 206.121 – Sales Factor; Determination.
206.121 Sales factor; determination. Sec. 121. The sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the tax period, and the denominator of which is the total sales of the taxpayer everywhere during the tax period. History: 1967, Act 281, Eff. Oct. 1, 1967
Section 206.122 – Sales of Tangible Personalty Within Michigan.
206.122 Sales of tangible personalty within Michigan. Sec. 122. Sales of tangible personal property are in this state if: (a) The property is delivered or shipped to a purchaser, other than the United States government, within this state regardless of the f.o.b. point or other conditions of the sale; or (b) The property is shipped […]
Section 206.123 – Sales Other Than Sales of Tangible Personalty Within State.
206.123 Sales other than sales of tangible personalty within state. Sec. 123. Sales, other than sales of tangible personal property, are in this state if: (a) The income-producing activity is performed in this state; or (b) The income-producing activity is performed both in and outside this state and a greater proportion of the income-producing activity […]