206.601 Meanings of terms; other provisions. Sec. 601. A term used in this part and not defined differently shall have the same meaning as when used in comparable context in the laws of the United States relating to federal income taxes in effect for the tax year unless a different meaning is clearly required. A […]
206.603 Definitions; A, B. Sec. 603. (1) “Affiliated group” means that term as defined in section 1504 of the internal revenue code except that it shall include all United States persons that are corporations, insurance companies, or financial institutions, other than a foreign operating entity, that are commonly owned, directly or indirectly, by any member […]
206.605 Definitions; C to E. Sec. 605. (1) “Corporation” means a person that is required or has elected to file as a C corporation as defined under section 1361(a)(2) and section 7701(a)(3) of the internal revenue code. Corporation does not include an insurance company or a financial institution. (2) “Department” means the department of treasury. […]
206.607 Definitions; F to M. Sec. 607. (1) “Federal taxable income” means taxable income as defined in section 63 of the internal revenue code, except that federal taxable income shall be calculated as if section 168(k) and section 199 of the internal revenue code were not in effect. (2) “Flow-through entity” means an entity that […]
206.609 Definitions; P to S. Sec. 609. (1) “Person” means an individual, bank, financial institution, insurance company, association, corporation, flow-through entity, receiver, estate, trust, or any other group or combination of groups acting as a unit. (2) “Professional employer organization” means an organization, other than an organization whose business activities are included in industry group […]
206.611 Definitions; T to U. Sec. 611. (1) “Tangible personal property” means that term as defined in section 2 of the use tax act, 1937 PA 94, MCL 205.92. (2) “Tax” means the tax imposed under this part, including interest and penalties under this part, unless the term is given a more limited meaning in […]
