HOUSE BILL No. 5892


     May 28, 1998, Introduced by Rep. Profit and referred to the Committee on Tax Policy.


        A bill to amend 1975 PA 228, entitled

   "Single business tax act,"

   by amending section 6 (MCL 208.6) and by adding section 21b.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         Sec.  6.  (1) "Person" means an individual, firm, bank,

 2    financial institution, limited partnership, copartnership, part-

 3    nership, joint venture, association, LIMITED LIABILITY COMPANY,

 4    corporation, receiver, estate, trust, or any other group or com-

 5    bination acting as a unit.

 6         (2) "Rent" includes a lease payment or other payment for the

 7    use of any property to which the taxpayer does not have legal or

 8    equitable title.

 9         SEC. 21B.  (1) A LIMITED LIABILITY COMPANY THAT FILES AS A

10    CORPORATION FOR FEDERAL TAX PURPOSES SHALL BE TREATED AS A

11    CORPORATION FOR PURPOSES OF THIS ACT.  A LIMITED LIABILITY


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 1    COMPANY THAT FILES AS A PARTNERSHIP FOR FEDERAL TAX PURPOSES

 2    SHALL BE TREATED AS A PARTNERSHIP FOR PURPOSES OF THIS ACT.

 3         (2) A MEMBER OF A LIMITED LIABILITY COMPANY THAT FILES AS A

 4    CORPORATION FOR FEDERAL TAX PURPOSES SHALL BE TREATED AS A SHARE-

 5    HOLDER OF A CORPORATION FOR PURPOSES OF THIS ACT.  A MEMBER OF A

 6    LIMITED LIABILITY COMPANY THAT FILES AS A PARTNERSHIP FOR FEDERAL

 7    TAX PURPOSES SHALL BE TREATED AS A PARTNER OF A PARTNERSHIP FOR

 8    PURPOSES OF THIS ACT.








































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