Bill Text: MI HB4961 | 2011-2012 | 96th Legislature | Introduced

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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

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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.