HB4056 — Corporate income tax: unitary filing; application of federal business interest expense limitations; clarify. Amends sec. 691 of 1967 PA 281 (MCL 206.691).

HB4056 — Corporate income tax: unitary filing; application of federal business interest expense limitations; clarify. Amends sec. 691 of 1967 PA 281 (MCL 206.691). · Informed CitizenryThe bill amends the Income Tax Act of 1967 by modifying Section 691 (MCL 206.691) regarding unitary business groups. It establishes that a unitary business group must file a combined return, treati…Open in Informed Citizenry