Providing an additional personal exemption for head of household tax filers and increasing the personal exemption for certain disabled veterans for purposes of income tax, modifying the definition of household income and increasing the household income and the appraised value thresholds for eligibility of seniors and disabled veterans related to increased property tax homestead refund claims.
To Amend And Modernize The Law Concerning The Apportionment Of Income Derived From Multistate Operations; And To Change The Method For Sourcing Of Receipts For Services And Intangibles.
Apportion Taxable Income;digital Business
INC TX-PASS THROUGH ENTITIES
Michigan business tax: rate; rate increase and election to file under corporate income tax act; provide for, and allow for certain taxpayers. Amends secs. 201 & 500 of 2007 PA 36 (MCL 208.1201 & 208.1500). TIE BAR WITH: HB 4183'25, HB 4182'25, HB 4181'25, HB 4184'25, HB 4182'25, HB 4180'25, HB 4185'25, HB 4187'25, HB 4185'25, HB 4187'25, HB 4184'25
Corporate tax; business income; allocation
Corporate tax; business income; allocation
INC TX-INTEREST MODIFICATION