Section 206.116 - Property factor; determination.
INCOME TAX ACT OF 1967 (EXCERPT)
Act 281 of 1967
206.116 Property factor; determination.
Sec. 116.
The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.
History: 1967, Act 281, Eff. Oct. 1, 1967