Michigan Compiled Laws 281-1967-2-13 Chapter 13 (206.651...206.659)

• Section 206.651 Definitions.
  As used in this chapter: (a) "Billing address" means the location indicated in the books and records of the financial institution on the first...
• Section 206.653 Franchise Tax.
  (1) Every financial institution with substantial nexus in this state is subject to a franchise tax. The franchise tax is imposed upon the tax...
• Section 206.655 Financial Institution; Tax Base; Net Capital.
  (1) For a financial institution, tax base means the financial institution's net capital. Net capital means equity capital as computed in accordance with generally...
• Section 206.657 Financial Institution; Business Activities Subject To Tax Within And Outside Of State; Gross Business Factor.
  (1) Except as otherwise provided under this chapter, the tax base of a financial institution whose business activities are confined solely to this state...
• Section 206.659 Financial Institution; Gross Business In State; Determination.
  Gross business in this state of the financial institution is determined as follows: (a) Receipts from credit card receivables including without limitation interest and...

Last modified: October 10, 2016