September 15, 2011, Introduced by Senator PROOS and referred to the Committee on Finance.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.713) by adding section 699.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 699. A United States person that is a disregarded entity
for federal income tax purposes under the internal revenue code
shall be treated as a disregarded entity for income tax purposes
under this part. A person other than a United States person that is
a disregarded entity for federal income tax purposes under the
internal revenue code shall not be treated as a disregarded entity
for income tax purposes under this part.
Enacting section 1. This amendatory act takes effect January
1, 2012.