Enacted Laws

Public Act 9 of 2009

by State of Michigan | Aug 10, 2009   ()

Provides relief during transition period for penalties associated with the payment of estimated Michigan Business Tax. This bill amends the Michigan Business Tax (MBT) Act to allow a taxpayer that calculates and pays estimated payments for Federal income tax purposes pursuant to Section 6655(E) of the Internal Revenue Code, to calculate the estimated payments required each quarter under the Act by using the same methodology as used to calculate the annualized income installment or the adjusted seasonal installment, whichever was used as the basis for the Federal estimated payment.

Introduced as House Bill 4496.

Source: State of Michigan