***** 208.1512 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 *****
Sec. 512.
(1) Notwithstanding any other provision of this act except as provided under subsections (2) and (3), 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 this act.
(2) Notwithstanding subsection (1), a person that is a disregarded entity for federal income tax purposes under the internal revenue code that prior to January 1, 2012 in an originally filed return was treated as a person separate from its owner or prior to December 1, 2011 in an amended return was treated as a person separate from its owner under this act for a tax year that begins after December 31, 2007, is not required to file an amended return with its owner as a disregarded entity.
(3) Notwithstanding subsection (1), a person that is a disregarded entity for federal income tax purposes under the internal revenue code that prior to January 1, 2012 in an originally filed return was treated as a person separate from its owner or prior to December 1, 2011 in an amended return was treated as a person separate from its owner under this act for its first tax year that begins after December 31, 2009, may be treated as a person separate from its owner under this act for its tax year that begins after December 31, 2010 and ends before January 1, 2012.
History: Am. 2011, Act 305, Imd. Eff. Dec. 27, 2011 Compiler's Notes: Enacting section 1 of Act 39 of 2011 provides:"Enacting section 1. The Michigan business tax act, 2007 PA 36, MCL 208.1101 to 208.1601, is repealed effective on the date that the secretary of state receives a written notice from the department of treasury that the last certificated credit or any carryforward from that certificated credit has been claimed."Enacting section 1 of Act 305 of 2011 provides:"Enacting section 1. This amendatory act is curative and intended to clarify the original intent of 2007 PA 36. This amendatory act is retroactive and effective for taxes levied on and after January 1, 2008."Popular Name: MBT
Structure Michigan Compiled Laws
Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)
36-2007-5 - Chapter 5 (208.1500...208.1601)
Section 208.1500 - Taxpayer With Certificated Credit or Unused Carryforward.
Section 208.1501 - Estimated Return and Payment.
Section 208.1503 - Computation of Tax for Portion of Year.
Section 208.1505 - Annual or Final Return; Date of Filing; Extension.
Section 208.1507 - Return; Filing; True and Correct Copy; Amended Return.
Section 208.1509 - Information Return Required by Internal Revenue Code; Filing Required.
Section 208.1511 - Unitary Business Group; Filing.
Section 208.1513 - Administration of Tax; Rules; Forms; Preparation and Publication of Statistics.
Section 208.1517 - Implementation of Act; Appropriation; Carrying Forward Unexpended Funds.