206.251 Credit for taxes withheld; election to treat as total tax.
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206.251 Credit for taxes withheld; election to treat as total tax.
Sec. 251.
(1)The amount withheld under section 703 shall be allowed to the recipient of the compensation as a credit against the tax imposed on him or her by this part.
(2)The amount so withheld during any calendar year shall be allowed as a credit for the taxable year beginning in such calendar year. If more than 1 taxable year begins in a calendar year, such amount shall be allowed as a credit for the last taxable year so beginning.
History: 1967, Act 281, Eff. Oct. 1, 1967 ;-- Am. 1969, Act 332, Imd. Eff. Nov. 4, 1969 ;-- Am. 2011, Act 38 , Eff. Jan. 1, 2012 ;-- Am. 2011, Act 174 , Eff. Jan. 1, 2012