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Section 206.116-206.120 – Repealed. 2011, Act 38, Eff.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206.116-206.120 Repealed. 2011, Act 38, Eff.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 Compiler’s Notes: The repealed sections pertained to property factor, rental rate, average property value, determination of payroll factor, and determination of compensation paid in state.