HB5541 — Corporate income tax: business income; addback of certain business expenses; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623).

HB5541 — Corporate income tax: business income; addback of certain business expenses; provide for. Amends sec. 623 of 1967 PA 281 (MCL 206.623). · Informed CitizenryHB5541 amends the Income Tax Act of 1967 to modify the corporate income tax base. The bill specifically amends the rules for calculating business income by adding back expenses related to diversity…Open in Informed Citizenry