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Section 206.116-206.120 – Repealed. 2011, Act 38, Eff.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206.116-206.120 Repealed. 2011, Act 38, Eff.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 Compiler’s Notes: The repealed sections pertained to property factor, rental rate, average property value, determination of payroll factor, and determination of compensation paid in state.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 […]
Section 206.125 – Repealed. 1975, Act 233, Imd. Eff. Aug. 27, 1975.
206.125 Repealed. 1975, Act 233, Imd. Eff. Aug. 27, 1975. Compiler’s Notes: The repealed section pertained to taxable income of domestic insurers.
Section 206.91 – Common Trust Funds and Participants; Taxable Status.
206.91 Common trust funds and participants; taxable status. Sec. 91. (1) A common trust fund meeting the requirements of section 584 of the internal revenue code, shall not be subject to tax under this part. (2) Each participant in the common trust fund shall, under rules prescribed by the department, include its proportionate share of […]
Section 206.131 – Transportation Services; Sections Applicable.
206.131 Transportation services; sections applicable. Sec. 131. The taxable income of a taxpayer whose income-producing activities consist of transportation services rendered partly within and partly without the state shall be determined under the provisions of sections 132 to 134. History: 1967, Act 281, Eff. Oct. 1, 1967