MCL - Section 206.251

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Chapter 206
Act 281 of 1967
281-1967-1
281-1967-1-5
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INCOME TAX ACT OF 1967 (EXCERPT)
Act 281 of 1967


206.251 Credit for taxes withheld; election to treat as total tax.

Sec. 251.

    (1) The amount withheld under section 703 shall be allowed to the recipient of the compensation as a credit against the tax imposed on him or her by this part.
    (2) The amount so withheld during any calendar year shall be allowed as a credit for the taxable year beginning in such calendar year. If more than 1 taxable year begins in a calendar year, such amount shall be allowed as a credit for the last taxable year so beginning.


History: 1967, Act 281, Eff. Oct. 1, 1967 ;-- Am. 1969, Act 332, Imd. Eff. Nov. 4, 1969 ;-- Am. 2011, Act 38, Eff. Jan. 1, 2012 ;-- Am. 2011, Act 174, Eff. Jan. 1, 2012