Introduced
by
To require income tax withholding of earnings distriutions to out-of-state partners by “flow through entities,” who are housing developers that get mortgages from the Michigan Housing Development Authority (MSHDA) in return for agreeing to provide a certain number of low income of middle income housing units in a development project. "Flow through entity" is a form of business organization in which gains, losses, deductions, and credits are not taxed to the entity itself, but rather "flow-through" to the individual partner's or member's tax returns.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 1 (details)
Referred to the Committee on Finance
