2023 House Bill 4056

Corporate income tax: unitary filing; application of federal business interest expense limitations; clarify.

A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” by amending section 691 (MCL 206.691), as amended by 2014 PA 14.

AI Analysis – Experimental

This bill proposes amendments to the Income Tax Act of 1967, specifically section 691, to require a unitary business group to file a combined return for all U.S. persons in the group as a single entity for tax purposes.

Introduced in the House

Feb. 1, 2023

Introduced by Reps. Thomas Kuhn (R-57) and Mark Tisdel (R-55)

Referred to the Committee on Tax Policy