Introduced
by
To clarify that “unitary business group” under the Michigan Business Tax does not include an individual not engaged in a trade or business. According to the Senate Fiscal Agency, a unitary business group includes a group of businesses controlled by one of them and with operations that flow between them, and the goal of unitary filing is to reduce tax avoidance by eliminating the effectiveness of transferring financial transactions among the businesses.
Referred to the Committee on Finance
