2009 Michigan Laws 206.115 – Apportionment of business income; exception; computation
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Sec. 115.
All business income, other than income from transportation services shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus the sales factor, and the denominator of which is 3.
History: 1967, Act 281, Eff. Oct. 1, 1967 ;– Am. 1975, Act 233, Imd. Eff. Aug. 27, 1975