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MI SB0473
Bill
AI Summary
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Exempts flow-through entities from withholding tax requirements when withholding would violate housing assistance payment program distribution restrictions under 24 CFR parts 880, 881, 883, or 891.
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Exempts flow-through entities from withholding tax requirements when withholding would violate rural housing service return on investment restrictions under 7 CFR 3560.68 or 3560.305.
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Exempts flow-through entities from withholding tax requirements when withholding would violate articles of incorporation or organizational documents adopted under the state housing development authority act of 1966.
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Effective immediately upon governor approval on September 30, 2014.
Legislative Description
Individual income tax; withholding requirements; flow-through entities that have entered into certain housing agreements; eliminate withholding requirement. Amends sec. 703 of 1967 PA 281 (MCL 206.703).
Individual income tax, other
Last Action
Assigned Pa 0295'14 With Immediate Effect
10/2/2014