HB-5009, As Passed House, November 7, 2013

SUBSTITUTE FOR

HOUSE BILL NO. 5009

     A bill to amend 1967 PA 281, entitled

"Income tax act of 1967,"

by amending section 691 (MCL 206.691), as amended by 2012 PA 70.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 691. Except as otherwise provided under section 680(3), a

unitary business group shall file a combined return that includes

each United States person that is included in the unitary business

group. Each United States person included in a unitary business

group or included in a combined return shall be treated as a single

person, and all transactions between those persons included in the

unitary business group shall be eliminated from the corporate

income tax base, and the apportionment formulas, and for purposes

of determining exemptions, credits, and the filing threshold under

this part. If a United States person included in a unitary business

group or included in a combined return is subject to the tax under

chapter 12 or 13, any corporate income attributable to that person

shall be eliminated from the corporate income tax base and any

sales attributable to that person shall be eliminated from the

apportionment formula under this part.

     Enacting section 1. This amendatory act is effective for tax

years that begin after December 31, 2013.