TITLE

Enactment of the Michigan Business Tax (MBT)

AUTHOR(S)
Keller, Rachel S.; Ruppal, Curtis
PUB. DATE
November 2009
SOURCE
Journal of State Taxation;Nov/Dec2009, Vol. 28 Issue 1, p27
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the enactment of the Michigan Business Tax (MBT). It highlights the adoption of the unitary business group concept that treats separate legal entities as one taxpayer. It also offers information on the treatment and apportionment of unitary business groups, physical presence and economic nexus standards. It concludes that the MBT Act for taxpayers imposes a modified gross receipts tax and business income tax and a surcharge on the combined tax liabilities.
ACCESSION #
53907055

 

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