MI HB6097

Adds a new adjustment to Michigan's corporate income tax base requiring taxpayers to add back "specified outsourcing expenses" deducted in federal taxable income.

Defines "specified outsourcing expenses" as eligible business expenses paid for eliminating or relocating any trade or business previously located in Michigan to a location outside the state.

Includes permit fees, license fees, lease brokerage fees, equipment installation costs, and other similar expenses in the definition of eligible expenses subject to add-back.

Maintains the existing 6.0% corporate income tax rate and all other provisions of Michigan's Income Tax Act of 1967.