Mich. Comp. Laws § 206.819

Current through Public Act 166 of the 2024 Legislative Session

Section 206.819 - Tax credit for allocated share of tax reported by flow-through entity; prohibition

Any taxpayer allocated income as a member of a flow-through entity by the flow-through entity may not claim a credit against the tax imposed by this part for the taxpayer's allocated share of the tax as reported by the other flow-through entity pursuant to section 839(1)(d) for the tax year ending on or within the taxpayer's same tax year.

MCL 206.819

Added by 2021, Act 135,s 14, eff. 12/21/2021, retroactively effective for tax years beginning on and after January 1, 2021.