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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Engrossed.html

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SB-0678, As Passed House, December 14, 2011

 

 

 

 

 

 

 

 

 

 

SUBSTITUTE FOR

 

SENATE BILL NO. 678

 

 

 

 

 

 

 

 

 

 

 

 

     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. 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.