Corporate income tax: business income; addback of certain business expenses; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623).
Corporate income tax: business income; definition of federal taxable income and adjustments to income tax base; modify. Amends secs. 607 & 623 of 1967 PA 281 (MCL 206.607 & 206.623).
Income tax, state and corporate; business interest.
Corporate franchise and unitary taxation; unitary group expanded to foreign corporations.
Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.
Eliminates requirement that taxpayer that qualifies as S corporation for federal tax purposes affirmatively elect New Jersey S corporation status for purposes of corporation business and gross income taxes.
Income tax, state and corporate; business interest, qualified business income deduction.
Income tax, state and corporate; business interest, qualified business income deduction.
Corporate income tax: flow-through entities; treatment of certain limited liability companies as a corporation; provide for. Amends secs. 12, 607, 699, 701, 805 & 845 of 1967 PA 281 (MCL 206.12 et seq.) & adds sec. 339.
Income tax, state and corporate; deductions for business interest.