January 23, 2008, Introduced by Senators RICHARDVILLE and CASSIS and referred to the Committee on Finance.
A bill to amend 2007 PA 36, entitled
"Michigan business tax act,"
by amending section 511 (MCL 208.1511).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 511. A unitary business group shall file a combined
return that includes each United States person, other than a
foreign operating entity, that is included in the unitary business
group. Each United States person included in a unitary business
group or included in a combined return shall be treated as a single
person and all transactions between those persons included in the
unitary business group shall be eliminated from the business income
tax base, modified gross receipts tax base, and the apportionment
formula under this act. If a United States person included in a
unitary business group or included in a combined return is subject
to the tax under chapter 2A or 2B, any business income attributable
to that person shall be eliminated from the business income tax
base, any modified gross receipts attributable to that person shall
be eliminated from the modified gross receipts tax base, and any
sales attributable to that person shall be eliminated from the
apportionment formula under this act. A unitary business group may
elect to include another person that would not otherwise be
included in the unitary business group as long as that person meets
the ownership requirements of a unitary business group.