HB-4958, As Passed Senate, September 28, 2011

HOUSE BILL No. 4958

September 13, 2011, Introduced by Rep. Walsh and referred to the Committee on Tax Policy.

A bill to amend 1967 PA 281, entitled

"Income tax act of 1967,"

by amending section 115 (MCL 206.115), as amended by 2011 PA 38.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 115. (1) Before January 1, ~~2011,~~ 2012, all business

income, other than income from transportation services, shall be

apportioned to this state by multiplying the income by a fraction,

the numerator of which is the property factor plus the payroll

factor plus the sales factor, and the denominator of which is 3.

(2) After December 31, ~~2010,~~ 2011, all business income, other

than income from transportation services, shall be apportioned to

this state by multiplying the income by the sales factor calculated

under section 121.