Bill Text: MI HB4961 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Income tax; administration; treatment of disregarded entities; clarify. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 699.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-10-19 - Re-referred To Committee On Tax Policy [HB4961 Detail]
Download: Michigan-2011-HB4961-Introduced.html
HOUSE BILL No. 4961
September 13, 2011, Introduced by Rep. Walsh and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.713) by adding section 699.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 699. A United States person that is a disregarded entity
for federal income tax purposes under the internal revenue code
shall be treated as a disregarded entity for income tax purposes
under this part. A person other than a United States person that is
a disregarded entity for federal income tax purposes under the
internal revenue code shall not be treated as a disregarded entity
for income tax purposes under this part.
Enacting section 1. This amendatory act takes effect January
1, 2012.