Enacted Laws

Public Act 282 of 2014

by State of Michigan | Oct 01, 2014   ()

The bill would amend the Michigan Business Tax (MBT) Act to do the following:

  • Allow an adjustment to the modified gross receipts tax base for amounts attributable to the taxpayer pursuant to a discharge of indebtedness
  • Revise the calculation of the investment tax credit with respect to the recapture of revenue when assets eligible for the credit are sold
  • Revise the calculation of the renaissance zone credit for a taxpayer located and conducting business in a renaissance zone before December 1, 2002
  • Revise a provision concerning a dock sale, for purposes of apportionment
Source: State of Michigan