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Form a Business

Net profits; consolidated returns.

MCL 141.645
in effect
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141.645. Net profits; consolidated returns. Sec. 45. For the purpose of determining net profit allocable to the city under this ordinance, a corporate taxpayer may elect to file a consolidated return including subsidiaries whose voting stock is more than 50% owned by the taxpayer, if such return will more properly reflect the net profits and activities of the taxpayer in the city. The city may require a consolidated return if necessary to properly determine net profits of the taxpayer allocable to the city. 1964, Act 284, Imd. Eff. June 12, 1964
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-141-645Fetched: 10/20/2026

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