Enacted Laws

Public Act 282 of 2014

by State of Michigan | Nov 24, 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