206.680 Election to pay tax imposed by Michigan business tax act; duration; taxpayer as member of unitary business group; separate return; annual return; “certificated credit” defined. Sec. 680. (1) Notwithstanding any other provision of this part, except as otherwise provided in subsection (2) for a certificated credit under section 435 or 437 of the Michigan […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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
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 […]
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. […]
