Bill Text: MI SB0678 | 2011-2012 | 96th Legislature | Chaptered

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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: (Passed) 2011-12-28 - Assigned Pa 0309'11 With Immediate Effect [SB0678 Detail]

Download: Michigan-2011-SB0678-Chaptered.html

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Act No. 309

Public Acts of 2011

Approved by the Governor

December 27, 2011

Filed with the Secretary of State

December 27, 2011

EFFECTIVE DATE: January 1, 2012

STATE OF MICHIGAN

96TH LEGISLATURE

REGULAR SESSION OF 2011

Introduced by Senator Proos

ENROLLED SENATE BILL No. 678

AN ACT to amend 1967 PA 281, entitled “An act to meet deficiencies in state funds by providing for the imposition, levy, computation, collection, assessment, and enforcement by lien and otherwise of taxes on or measured by net income; to prescribe the manner and time of making reports and paying the taxes, and the functions of public officers and others as to the taxes; to permit the inspection of the records of taxpayers; to provide for interest and penalties on unpaid taxes; to provide exemptions, credits and refunds of the taxes; to prescribe penalties for the violation of this act; to provide an appropriation; and to repeal certain acts and parts of acts,” (MCL 206.1 to 206.713) by adding section 699.

The People of the State of Michigan enact:

Sec. 699. Notwithstanding any other provision of this act, a person that is a disregarded entity for federal income tax purposes under the internal revenue code shall be classified as a disregarded entity for purposes of parts 2 and 3 of this act.

Enacting section 1. This amendatory act takes effect January 1, 2012.

This act is ordered to take immediate effect.

Secretary of the Senate

Clerk of the House of Representatives

Approved

Governor