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HB 4479 - Interstate Compact and Business Tax - Michigan Key Vote

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Title: Interstate Compact and Business Tax

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill amends the Multistate Tax Compact Act.

Highlights:

  • Specifies that a business entity subject to the Michigan Business Tax Act or the Income Tax Act must allocate income for tax purposes in accordance with the provisions of one of those acts rather than under the provisions of the Multistate Tax Compact (Article III).

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Full Bill Text

See How Your Politicians Voted

Title: Interstate Compact and Business Tax

Vote Smart's Synopsis:

Vote to pass a bill that amends the Multistate Tax Compact Act.

Highlights:

  • Specifies that a business entity subject to the Michigan Business Tax Act or the Income Tax Act must allocate income for tax purposes in accordance with the provisions of one of those acts rather than under the provisions of the Multistate Tax Compact (Article III).

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Full Bill Text

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