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MI HB6262
Bill
Status
6/15/2010
Primary Sponsor
Rick Jones
Click for details
AI Summary
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Amends Section 113 of the Michigan Business Tax Act to add a new subsection (h) defining "purchases from other firms" for tax year 2010 and later.
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Allows taxpayers licensed under Part 170 (physicians) or Part 175 (nurse midwives) of the Public Health Code to deduct payments for vaccines and pharmaceutical drugs administered in their ordinary business operations as purchases from other firms.
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Applies to tax years beginning after December 31, 2009.
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Establishes definitions for partner, partnership, person, professional employer organization, and revenue mile within Section 113.
Legislative Description
Michigan business tax; gross receipts; definition of purchases from other firms; include cost of vaccines and certain pharmaceuticals administered by physicians. Amends sec. 113 of 2007 PA 36 (MCL 208.1113).
Health, pharmaceuticals
Last Action
Printed Bill Filed 06/16/2010
6/16/2010