To exclude from the definition of gross receipts subject to the Michigan Business Tax revenue from federal or Michigan government bond interest; any tax, fee, surcharge or bottle deposit amounts a firm is required to collect; dividends and royalties received from a foreign operating entity; certain Medicaid nursing home reimbursements; certain business equipment lease expenses; state license fees; sale of fully depreciated property; and more.
21 Yeas / 17 Nays | |
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Democrat (0 Yeas / 17 Nays) | |
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