Section 206.201 – Exemption of Persons Exempt From Federal Income Tax; Exceptions.
206.201 Exemption of persons exempt from federal income tax; exceptions. Sec. 201. (1) A person who is exempt from federal income tax pursuant to the provisions of the internal revenue code shall be exempt from the tax imposed by this part except the unrelated taxable business income of an exempt person as determined under the […]
Section 206.211, 206.221 – Repealed. 1975, Act 233, Imd. Eff. Aug. 27, 1975.
206.211, 206.221 Repealed. 1975, Act 233, Imd. Eff. Aug. 27, 1975. Compiler’s Notes: The repealed sections pertained to exemptions for foreign or alien insurers and for nonresident financial institutions.