Mich. Comp. Laws § 206.847

Current through Public Act 122 of the 2024 Legislative Session

Section 206.847 - Imposition of tax; subject to certain state and local tax deduction limitations under the internal revenue code

The tax created under this part is levied and imposed for any tax year that section 164(b)(6)(B) of the internal revenue code limits the amount an individual is allowed to deduct under section 164(a) of the internal revenue code for the same tax year. The tax created under this part is not levied and imposed for any tax year that section 164(b)(6)(B) of the internal revenue code does not limit the amount an individual is allowed to deduct under section 164(a) of the internal revenue code for the same tax year.

MCL 206.847

Added by 2021, Act 135,s 23, eff. 12/21/2021, retroactively effective for tax years beginning on and after January 1, 2021.