Statutes > Michigan Statutes > Chapter 206 - INCOME TAX ACT OF 1967 > Act 281 of 1967 - INCOME TAX ACT OF 1967 (206.1 - 206.532) > 281-1967-3 - CHAPTER 3 (206.101...206.195) > Section 206.115 - Apportionment of business income; exception; computation.

Section 206.115 - Apportionment of business income; exception; computation.

INCOME TAX ACT OF 1967 (EXCERPT)
Act 281 of 1967

206.115 Apportionment of business income; exception; computation.

Sec. 115.

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.


History: 1967, Act 281, Eff. Oct. 1, 1967 ;-- Am. 1975, Act 233, Imd. Eff. Aug. 27, 1975