MI SB1102

Modifies Michigan's unitary business group filing requirements to clarify treatment of persons subject to federal business interest expense limitations under Internal Revenue Code section 163(j).

Exempts certain persons from federal business interest expense limitations if they or their federal consolidated group meet specified conditions: no limitation applies at federal level, exemption applies under IRC section 163(j)(3), or person has no allocable business interest.

Allows persons in federal consolidated groups meeting exemption conditions to avoid the business interest expense limitation when reporting federal taxable income for Michigan corporate income tax purposes.

Maintains existing provisions allowing affiliated groups to elect unitary business group treatment for 10-year periods without department consent, with option to renew for additional 10-year periods.