Mich. Comp. Laws § 141.645

Current through Public Act 156 of the 2024 Legislative Session
Section 141.645 - Net profits; consolidated returns

For the purpose of determining net profit allocable to the city under this ordinance, a corporate taxpayer may elect to file a consolidated return including subsidiaries whose voting stock is more than 50% owned by the taxpayer, if such return will more properly reflect the net profits and activities of the taxpayer in the city. The city may require a consolidated return if necessary to properly determine net profits of the taxpayer allocable to the city.

MCL 141.645

1964, Act 284, Imd. Eff. 6/12/1964 .