Sec. 819.
Any taxpayer allocated income as a member of a flow-through entity by the flow-through entity may not claim a credit against the tax imposed by this part for the taxpayer's allocated share of the tax as reported by the other flow-through entity pursuant to section 839(1)(d) for the tax year ending on or within the taxpayer's same tax year.
History: Add. 2021, Act 135, Imd. Eff. Dec. 21, 2021 Compiler's Notes: Enacting section 1 of Act 135 of 2021 provides:"Enacting section 1. This amendatory act is retroactive and intended to apply retroactively effective for tax years beginning on and after January 1, 2021."
Structure Michigan Compiled Laws
Chapter 206 - Income Tax Act of 1967
Act 281 of 1967 - Income Tax Act of 1967 (206.1 - 206.847)
281-1967-4 - Part 4 (206.801...206.847)
281-1967-4-21 - Chapter 21 (206.811...206.819)
Section 206.811 - Nexus; "Actively Solicits", "Gross Receipts", and "Physical Presence" Defined.
Section 206.813 - Election to Pay Flow-Through Entity Tax; Irrevocable; Timing.
Section 206.817 - Tax Base; Apportionment; Business Activity of the Flow-Through Entity; Chapter 3.