MACPA Issues Statement on Current Version of Michigan Business Tax
The Michigan Association of Certified Public Accountants (MACPA), representing nearly 17,000 members, opposes the unbalanced treatment of partnerships and business entities taxed as partnerships, as contained in the current version of the Michigan Business Tax (HB 4367 (H-4)) and supports efforts to amend the proposal. The bill, as proposed, could unwittingly deter business formation in the state if this provision is enacted by essentially requiring businesses to operate in the corporate form to minimize their Michigan tax burden. Further, the MACPA will answer any call to provide technical assistance in developing language to amend the proposal. Please contact John Lindley with any questions or comments,
jlindley@michcpa.org or 248.267.3700.
