Section 206.265 – Credit Against Tax; Determining Amount; Eligibility; Limitation; Refund.
206.265 Credit against tax; determining amount; eligibility; limitation; refund. Sec. 265. (1) For the 1989 tax year and each tax year after 1989, a taxpayer may credit against the tax imposed by this part for the tax year an amount equal to the tax paid in any prior tax year attributable to income received by […]
Section 206.191 – Sales Not Exceeding $100,000; Taxable Income.
206.191 Sales not exceeding $100,000; taxable income. Sec. 191. (1) If the taxpayer’s only activities within this state consist of sales and do not include owning or renting real estate or tangible personal property and whose dollar volume of gross sales made during the tax year within the state is not in excess of $100,000.00 […]
Section 206.266 – Rehabilitation of Historic Resource; Tax Credit; Plan; Certification; Revocation of Certificate or Sale of Historic Resource; Rules; Report; Definitions.
206.266 Rehabilitation of historic resource; tax credit; plan; certification; revocation of certificate or sale of historic resource; rules; report; definitions. Sec. 266. (1) A qualified taxpayer with a rehabilitation plan certified after December 31, 1998 and before January 1, 2012 may credit against the tax imposed by this part the amount determined pursuant to subsection […]
Section 206.195 – Alternative Methods of Allocation and Apportionment; Approval.
206.195 Alternative methods of allocation and apportionment; approval. Sec. 195. (1) If the allocation and apportionment provisions of this part do not fairly represent the extent of the taxpayer’s business activity in this state, the taxpayer may petition for or the department may require, in respect to all or any part of the taxpayer’s business […]
Section 206.266a – Rehabilitation of Historic Resource; Tax Credit; Plan; Certification; Revocation of Certificate or Sale of Historic Resource; Rules; Report; Definitions.
206.266a Rehabilitation of historic resource; tax credit; plan; certification; revocation of certificate or sale of historic resource; rules; report; definitions. Sec. 266a. (1) Subject to the limitations under this section, a qualified taxpayer with a certificate of completed rehabilitation issued pursuant to subsection (4) after December 31, 2020 and before January 1, 2031 may credit […]
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 206.267-206.269 – Repealed. 2011, Act 38, Eff. Jan. 1, 2012.
206.267-206.269 Repealed. 2011, Act 38, Eff. Jan. 1, 2012. Compiler’s Notes: The repealed sections pertained to tax credit after December 31, 2000, tax exemption for qualified adoption expenses, and tax credit for donated automobiles.
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.
Section 206.251 – Credit for Taxes Withheld; Election to Treat as Total Tax.
206.251 Credit for taxes withheld; election to treat as total tax. Sec. 251. (1) The amount withheld under section 703 shall be allowed to the recipient of the compensation as a credit against the tax imposed on him or her by this part. (2) The amount so withheld during any calendar year shall be allowed […]
Section 206.252, 206.253 – Repealed. 2011, Act 38, Eff. Jan. 1, 2012.
206.252, 206.253 Repealed. 2011, Act 38, Eff. Jan. 1, 2012. Compiler’s Notes: The repealed sections pertained to Headlee amendment refund and tax credit relating to purchase and installation of qualified home improvement.