Sec. 639.
An insurance company shall be allowed a credit against the tax imposed under this chapter in an amount equal to 50% of the examination fees paid by the insurance company during the tax year pursuant to section 224 of the insurance code of 1956, 1956 PA 218, MCL 500.224.
History: Add. 2011, Act 38, Eff. Jan. 1, 2012
Structure Michigan Compiled Laws
Chapter 206 - Income Tax Act of 1967
Act 281 of 1967 - Income Tax Act of 1967 (206.1 - 206.847)
281-1967-2 - Part 2 (206.601...206.699)
281-1967-2-12 - Chapter 12 (206.635...206.643)
Section 206.639 - Tax Credit in Amount Equal to 50% of Examination Fees Paid by Insurance Company.
Section 206.641 - Amounts Paid Pursuant to MCL 418.352; Tax Credit; Refund of Excess Amount.