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INCOME TAX ACT OF 1967 (EXCERPT)
Act 281 of 1967

206.115 Apportionment of business income; exception; computation.

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

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Last modified: January 1, 2008