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 206.669 – Receipts; Sourcing.
206.669 Receipts; sourcing. Sec. 669. All other receipts not otherwise sourced under this part shall be sourced based on where the benefit to the customer is received or, if where the benefit to the customer is received cannot be determined, to the customer’s billing address. History: Add. 2011, Act 38, Eff. Jan. 1, 2012
Section 206.625 – Exemptions; Corporate Income Tax Base of Foreign Person; Sales Factor; “Business Income,” “Domiciled,” and “Foreign Person” Defined.
206.625 Exemptions; corporate income tax base of foreign person; sales factor; “business income,” “domiciled,” and “foreign person” defined. Sec. 625. (1) Except as otherwise provided in this section, the following are exempt from the tax imposed by this part: (a) The United States, this state, other states, and the agencies, political subdivisions, and enterprises of […]
Section 206.671 – Tax Credit; Requirements; Determination of Disqualification; Reduction Percentage; Compensation Paid by Professional Employer Organization to Officers of Client and Employees of Professional Employer; Unitary Business Group; Definitions.
206.671 Tax credit; requirements; determination of disqualification; reduction percentage; compensation paid by professional employer organization to officers of client and employees of professional employer; unitary business group; definitions. Sec. 671. (1) The credit provided in this section shall be taken before any other credit under this part and is available to any taxpayer, other than […]
Section 206.635 – Tax on Insurance Company; Imposition and Levy; Direct Premiums; Qualified Health Insurance Policies; Exemption.
206.635 Tax on insurance company; imposition and levy; direct premiums; qualified health insurance policies; exemption. Sec. 635. (1) Except as otherwise provided under subsection (4) or (6), each insurance company shall pay a tax determined under this chapter. (2) The tax imposed by this chapter on each insurance company shall be a tax equal to […]
Section 206.673 – Tax Credit Under Former 1975 Pa 228, or 2007 Pa 36, MCL 208.1101 to 208.1601, or MCL 208.1403; Effect of Failure to Comply With Terms of Agreement or Movement, Sale, Transfer, or Disposal of Property.
206.673 Tax credit under former 1975 PA 228, or 2007 PA 36, MCL 208.1101 to 208.1601, or MCL 208.1403; effect of failure to comply with terms of agreement or movement, sale, transfer, or disposal of property. Sec. 673. (1) A taxpayer that has claimed a credit under former 1975 PA 228 or under the Michigan […]
Section 206.637 – Tax Credit; Calculation; Assessments of Insurance Company From Immediately Preceding Tax Year; Payments to Michigan Automobile Insurance Placement Facility Attributable to Assigned Claims Plan.
206.637 Tax credit; calculation; assessments of insurance company from immediately preceding tax year; payments to Michigan automobile insurance placement facility attributable to assigned claims plan. Sec. 637. (1) Except as otherwise provided under subsection (3), an insurance company may claim a credit against the tax imposed under this chapter in the following amounts: (a) Amounts […]
Section 206.675 – Flow-Through Entity Members; Tax Credit for Tax Paid by the Flow-Through Entity; Refundable.
206.675 Flow-through entity members; tax credit for tax paid by the flow-through entity; refundable. Sec. 675. (1) Except as otherwise provided under this section, for tax years beginning on and after January 1, 2021, a taxpayer who is either a member of a flow-through entity that elects to file a return and pay the tax […]
Section 206.639 – Tax Credit in Amount Equal to 50% of Examination Fees Paid by Insurance Company.
206.639 Tax credit in amount equal to 50% of examination fees paid by insurance company. Sec. 639. An insurance company shall be allowed a credit against the tax imposed under this chapter in an amount equal to 50% of the examination fees paid by the insurance company during the tax year pursuant to section 224 […]
Section 206.676 – Rehabilitation of Historic Resource; Tax Credit; Plan; Certification; Revocation of Certificate or Sale of Historic Resource; Rules; Report; Definitions.
206.676 Rehabilitation of historic resource; tax credit; plan; certification; revocation of certificate or sale of historic resource; rules; report; definitions. Sec. 676. (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 […]