Enacted Laws

Public Act 305 of 2011

by State of Michigan | Jun 03, 2011   ()

The bill amended the revenue Act to prohibit the Department of Treasury from assessing the former Single Business Tax (SBT), and require the Department to refund any SBT paid, on income or gains of an individual, estate, or person organized for estate planning purposes, from activity, transactions, or sources other than those in the regular course of the person's trade or business, or on income or gains from personal investment activity.

Introduced as Senate Bill 369.

Source: State of Michigan