Section 206.681 – Quarterly Returns and Estimated Payments.
206.681 Quarterly returns and estimated payments. Sec. 681. (1) Except as otherwise provided under this section, a taxpayer that reasonably expects liability for the tax year to exceed $800.00 shall file an estimated return and pay an estimated tax for each quarter of the taxpayer’s tax year. (2) For taxpayers on a calendar year basis, […]
Section 206.713 – Report on Operation and Effectiveness of New Jobs Training Programs and Corresponding Withholding Requirements; Contents.
206.713 Report on operation and effectiveness of new jobs training programs and corresponding withholding requirements; contents. Sec. 713. By July 1 of each year, based on the information received from each community college district pursuant to section 163 of the community college act of 1966, 1966 PA 331, MCL 389.163, the department shall submit to […]
Section 206.683 – Payment for Portion of Tax Year; Computation; Methods.
206.683 Payment for portion of tax year; computation; methods. Sec. 683. (1) If a taxpayer’s tax year to which this part applies ends before December 31, 2012, then a taxpayer subject to this part may elect to compute the tax imposed by this part for the portion of that tax year to which this part […]
Section 206.715 – Employer Credit for Paid Adoption Leave.
206.715 Employer credit for paid adoption leave. Sec. 715. (1) Subject to an appropriation and the limitations under this section, for tax years beginning on and after January 1, 2023, a qualified employer that voluntarily provides paid adoption leave to qualified employees may claim a credit against the taxes required to be withheld and remitted […]
Section 206.685 – Annual or Final Return; Filing; Form and Content; Remittance of Final Liability; Calculation; Extension.
206.685 Annual or final return; filing; form and content; remittance of final liability; calculation; extension. Sec. 685. (1) An annual or final return shall be filed with the department in the form and content prescribed by the department by the last day of the fourth month after the end of the taxpayer’s tax year. Any […]
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 206.657 – Financial Institution; Business Activities Subject to Tax Within and Outside of State; Gross Business Factor.
206.657 Financial institution; business activities subject to tax within and outside of state; gross business factor. Sec. 657. (1) Except as otherwise provided under this chapter, the tax base of a financial institution whose business activities are confined solely to this state shall be allocated to this state. The tax base of a financial institution […]
Section 206.659 – Financial Institution; Gross Business in State; Determination.
206.659 Financial institution; gross business in state; determination. Sec. 659. Gross business in this state of the financial institution is determined as follows: (a) Receipts from credit card receivables including without limitation interest and fees or penalties in the nature of interest from credit card receivables and receipts from fees charged to credit card holders […]
Section 206.661 – Tax Base; Apportionment; Taxpayer Subject to Tax Within State, Within and Outside State, or in Another State.
206.661 Tax base; apportionment; taxpayer subject to tax within state, within and outside state, or in another state. Sec. 661. (1) Except as otherwise provided in this part, the tax base established under this part shall be apportioned in accordance with this chapter. (2) The tax base of a taxpayer whose business activities are confined […]