206.639 Tax credit in amount equal to 50% of examination fees paid by insurance company.
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206.639 Tax credit in amount equal to 50% of examination fees paid by insurance company.
Sec. 639.
An insurance company shall be allowed a credit against the tax imposed under this chapter in an amount equal to 50% of the examination fees paid by the insurance company during the tax year pursuant to section 224 of the insurance code of 1956, 1956 PA 218, MCL 500.224.
History: Add. 2011, Act 38 , Eff. Jan. 1, 2012