HB5925 — Corporate income tax: deductions; federal deduction for certain outsourcing expenses; add back. Amends sec. 623 of 1967 PA 281 (MCL 206.623).

HB5925 — Corporate income tax: deductions; federal deduction for certain outsourcing expenses; add back. Amends sec. 623 of 1967 PA 281 (MCL 206.623). · Informed CitizenryThis bill amends the Michigan Income Tax Act of 1967 by modifying Section 623, which governs corporate income tax. The amendments include several adjustments to the calculation of the corporate inc…Open in Informed Citizenry