Section 206.30f – Repealed. 2018, Act 38, Imd. Eff. Feb. 28, 2018.
206.30f Repealed. 2018, Act 38, Imd. Eff. Feb. 28, 2018. Compiler’s Notes: The repealed section pertained to taxable income adjustment for educational savings accounts.
Section 206.10 – “Fiduciary” Defined.
206.10 “Fiduciary” defined. Sec. 10. “Fiduciary” means a guardian, trustee, executor, administrator, executrix, administratrix, receiver, conservator, or any person acting in any fiduciary capacity, whether or not a resident of this state. History: 1967, Act 281, Eff. Oct. 1, 1967 ;– Am. 1971, Act 76, Imd. Eff. July 30, 1971 ;– Am. 1972, Act 181, […]
Section 206.12 – Definitions; F to N.
206.12 Definitions; F to N. Sec. 12. (1) “Flow-through entity” means an S corporation, partnership, limited partnership, limited liability partnership, or limited liability company. Flow-through entity does not include a publicly traded partnership as that term is defined in section 7704 of the internal revenue code that has equity securities registered with the securities and […]
Section 206.14 – Nonbusiness Income, Nonresident and Nonresident Estate or Trust; Definitions.
206.14 Nonbusiness income, nonresident and nonresident estate or trust; definitions. Sec. 14. (1) “Nonbusiness income” means all income other than business income. (2) “Nonresident” means any individual who is not a resident. (3) “Nonresident estate or trust” means any estate or trust not included in the definition of a resident estate or trust. History: 1967, […]
Section 206.16 – Person; Definition.
206.16 Person; definition. Sec. 16. “Person” includes any individual, firm, association, corporation, receiver, estate, trust or any other group or combination acting as a unit, and the plural as well as the singular number. History: 1967, Act 281, Eff. Oct. 1, 1967
Section 206.18 – Resident and Domicile; Definitions.
206.18 Resident and domicile; definitions. Sec. 18. (1) “Resident” means: (a) An individual domiciled in the state. “Domicile” means a place where a person has his true, fixed and permanent home and principal establishment to which, whenever absent therefrom he intends to return, and domicile continues until another permanent establishment is established. If an individual […]
Section 206.20 – Sales and State; Definitions.
206.20 Sales and state; definitions. Sec. 20. (1) “Sales” means all gross receipts of the taxpayer not allocated under sections 110 to 114. (2) “State” means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States, and any foreign country, or political […]
Section 206.22 – “Tax” and “Taxable Value” Defined.
206.22 “Tax” and “taxable value” defined. Sec. 22. (1) “Tax” includes interest and penalties and further includes the tax required to be withheld on income under part 3, unless the intention to give it a more limited meaning is disclosed by the context. (2) “Taxable value” means taxable value as calculated under section 27a of […]
Section 206.24 – “Tax Year” or “Taxable Year” Defined.
206.24 “Tax year” or “taxable year” defined. Sec. 24. “Tax year” or “taxable year” means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which taxable income is computed under this part. In the case of a return made for a fractional part of a year, the term […]
Section 206.26 – “Taxpayer” Defined.
206.26 “Taxpayer” defined. Sec. 26. “Taxpayer” means any person subject to the taxes imposed by this part or subject to the withholding requirements under part 3. History: 1967, Act 281, Eff. Oct. 1, 1967 ;– Am. 2003, Act 50, Eff. Oct. 1, 2003 ;– Am. 2011, Act 38, Eff. Jan. 1, 2012 ;– Am. 2016, […]