Michigan HB4186 amends business tax rates and allows certain taxpayers to elect to file under the corporate income tax act.
Michigan HB4186 amends sections 201 and 500 of the Michigan business tax act to adjust the business income tax rate. It allows taxpayers with a certificated credit under certain sections to elect to pay the tax imposed by this act in the tax year in which that credit may be claimed. If a taxpayer elects to file a return and pay the tax under this act, they may claim a refundable credit.
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