How is the alternate credit under MCL 208.1417 used by a unitary business group? How do the disqualifiers and percentage reducers work?
The following answer has been rescinded and replaced by C41. The alternate credit (similar to SBT credit commonly known as the small business credit) “is available to any taxpayer with gross receipts that do not exceed $20,000,000.00 and with adjusted business income minus the loss adjustment that does not exceed $1,300,000.00 as adjusted annually for inflation using the Detroit consumer price index” and subject to certain additional disqualifiers. MCL 208.1417(1) (emphasis added). “Taxpayer” is defined as “a person or a unitary business group.” MCL 208.1117(5). The gross receipts and adjusted business income thresholds under MCL 207.1417(1) apply to taxpayers. Thus, for a unitary business group, the gross receipts and adjusted business income thresholds must be calculated by the unitary business group by combining the gross receipts and adjusted business incomes of its members. The disqualifiers under MCL 208.1417(1)(a) and (b) apply to a taxpayer that is a unitary business group if s
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