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Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.611

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Sec. 11.  Subject to the exclusions, adjustments, exemptions, and deductions herein provided, an annual tax of 1% on corporations and resident individuals and of 1/2 % on nonresident individuals for general revenue purposes and the purposes provided for in sections 11a and 11b   1 is hereby imposed as an excise on income earned and received on and after the effective date of this ordinance.  However, if the governing body of the city adopts a resolution to impose the tax at a lower rate, the tax is hereby imposed at that lower rate.  If the tax is imposed at a lower rate, the rate on nonresident individuals shall not exceed 1/2 of the rate on corporations and resident individuals.

1  M.C.L.A. §§ 141.611a and 141.611b.

Cite this article: - Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.611 - last updated February 09, 2022 |

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