Section 206.721 – Definitions; Partnership Audits.
206.721 Definitions; partnership audits. Sec. 721. As used in this chapter: (a) “Administrative adjustment request” means an administrative adjustment request filed by a partnership under section 6227 of the internal revenue code. (b) “Audited partnership” means a partnership subject to a partnership level audit resulting in a federal adjustment. (c) “Corporate partner” means a partner, […]
Section 206.687 – Furnishing Copy of Return Filed Under Internal Revenue Code; Amended Return; Partnership Audit or Adjustment Reporting.
206.687 Furnishing copy of return filed under internal revenue code; amended return; partnership audit or adjustment reporting. Sec. 687. (1) A taxpayer required to file a return under this part may be required to furnish a true and correct copy of any return or portion of any return filed under the provisions of the internal […]
Section 206.689 – Information Return of Income Paid to Others.
206.689 Information return of income paid to others. Sec. 689. At the request of the department, a taxpayer required by the internal revenue code to file or submit an information return of income paid to others shall, to the extent the information is applicable to residents of this state, at the same time file or […]
Section 206.691 – Filing of Combined Return by Unitary Business Group.
206.691 Filing of combined return by unitary business group. Sec. 691. (1) Except as otherwise provided under section 680(3), a unitary business group shall file a combined return that includes each United States person that is included in the unitary business group. Each United States person included in a unitary business group or included in […]
Section 206.693 – Administration of Tax; Conflicting Provisions; Rules; Forms; Additional Tax Liability; Statistics Detailing Distribution of Tax Receipts.
206.693 Administration of tax; conflicting provisions; rules; forms; additional tax liability; statistics detailing distribution of tax receipts. Sec. 693. (1) The tax imposed by this part shall be administered by the department of treasury pursuant to 1941 PA 122, MCL 205.1 to 205.31, and this part. If a conflict exists between 1941 PA 122, MCL […]
Section 206.695 – Distribution of Revenue to General Fund.
206.695 Distribution of revenue to general fund. Sec. 695. The revenue collected under this part shall be distributed to the general fund. History: Add. 2011, Act 38, Eff. Jan. 1, 2012
Section 206.697 – Appropriation; Carrying Forward Unexpended Funds.
206.697 Appropriation; carrying forward unexpended funds. Sec. 697. There is appropriated to the department for the 2011-2012 state fiscal year the sum of $1,000,000.00 to begin implementing the requirements of this part. Any portion of this amount under this section that is not expended in the 2011-2012 state fiscal year shall not lapse to the […]
Section 206.699 – Classification as Disregarded Entity for Federal Income Tax Purposes.
206.699 Classification as disregarded entity for federal income tax purposes. Sec. 699. Notwithstanding any other provision of this act, a person that is a disregarded entity for federal income tax purposes under the internal revenue code shall be classified as a disregarded entity for purposes of parts 2 and 3 of this act. History: Add. […]
Section 206.701 – Definitions.
206.701 Definitions. Sec. 701. As used in this chapter: (a) “Casino” means that term as defined in section 110. (b) “Casino licensee” means a person licensed to operate a casino under the Michigan Gaming Control and Revenue Act, 1996 IL 1, MCL 432.201 to 432.226. (c) “Eligible production company” means that term as defined under […]
Section 206.703 – Tax Withholding; Deduction; Amount; Computation; Duties of Employer; Flow-Through Entity; Casino Licensee; Racing Licensee or Track Licensee; Eligible Production Company; Publicly Traded Partnership; Agreement With Community College; Nonresident Individual; Exemption Certificate; Disbursement Pursuant to Qualified Charitable Gift Annuity; Receipt of Exemption Certificate From Member Other Than Nonresident Individual; Tax Withheld by Flow-Through Entity; Revocation of Election Provided in Subsection (16); Election to File Return and Pay Tax; Exception From Certain Withholding Requirements; Conditions.
206.703 Tax withholding; deduction; amount; computation; duties of employer; flow-through entity; casino licensee; racing licensee or track licensee; eligible production company; publicly traded partnership; agreement with community college; nonresident individual; exemption certificate; disbursement pursuant to qualified charitable gift annuity; receipt of exemption certificate from member other than nonresident individual; tax withheld by flow-through entity; revocation […]