Michigan Compiled Laws
281-1967-1-2 - Chapter 2 (206.51...206.91)
Section 206.91 - Common Trust Funds and Participants; Taxable Status.

Sec. 91.
(1) A common trust fund meeting the requirements of section 584 of the internal revenue code, shall not be subject to tax under this part.
(2) Each participant in the common trust fund shall, under rules prescribed by the department, include its proportionate share of the taxable income whether or not distributed and whether or not distributable.
History: 1967, Act 281, Eff. Oct. 1, 1967 ;-- Am. 1969, Act 332, Imd. Eff. Nov. 4, 1969 ;-- Am. 2011, Act 38, Eff. Jan. 1, 2012

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 206 - Income Tax Act of 1967

Act 281 of 1967 - Income Tax Act of 1967 (206.1 - 206.847)

281-1967-1 - Part 1 (206.1...206.532)

281-1967-1-2 - Chapter 2 (206.51...206.91)

Section 206.51 - Tax Rate on Taxable Income of Person Other Than Corporation; Percentages of Collections Deposited in State School Aid Fund; Farmland Credits; Renew Michigan Fund; Imposition of Annualized Rate; Computation of Taxable Income of Nonres...

Section 206.51a - Repealed. 2011, Act 38 Eff. Jan. 1, 2012.

Section 206.51b - Repealed. 2000, Act 40, Imd. Eff. Mar. 27, 2000.

Section 206.51c - Repealed. 2007, Act 94, Imd. Eff. Oct. 1, 2007.

Section 206.51d - Additional Distribution; Credit to Michigan Transportation Fund; Disbursements; Amounts; Dates.