Legal Research Home > Michigan Lawyer > Single Business Tax Act > Credit For Unincorporated Taxpayer Or For Taxpayer Electing Subchapter S Provisions; Schedule - Mich. Comp. Laws Section 208.37

SINGLE BUSINESS TAX ACT (EXCERPT)
Act 228 of 1975

***** 208.37 THIS SECTION IS REPEALED BY ACT 325 OF 2006 EFFECTIVE DECEMBER 31, 2007 *****

208.37 Credit for unincorporated taxpayer or for taxpayer electing subchapter S provisions; schedule.

Sec. 37.

Every taxpayer who is unincorporated or who elects the subchapter S provisions of the internal revenue code shall be allowed a credit for a portion of the single business tax liability after the calculation of the credit provided in section 36 for the same year according to the following schedule:

If Business Income Is	The Credit Is
$20,000.00 or less		20% of the single business tax liability
more than $20,000.00, but less than $40,000.00	15% of the single business tax liability
$40,000.00 or more	10% of the single business tax liability.

History: 1975, Act 228, Eff. Jan. 1, 1976 ;-- Am. 1976, Act 389, Imd. Eff. Dec. 30, 1976 ;-- Am. 1977, Act 273, Imd. Eff. Dec. 15, 1977

Section: Previous 208.35i 208.35j 208.36 208.36a 208.36b 208.36c 208.36d 208.37 208.37a 208.37b 208.37c 208.37d 208.37e 208.37f 208.37g Next

Last modified: January 1, 2008