Multistate Tax Compact Apportionment Election Upheld by Michigan Supreme Court

On July 14, 2014, the Michigan Supreme Court ruled in International Business Machines v. Michigan Department of Treasury that the taxpayer was allowed to use the three-factor formula apportionment election provided under the Multistate Tax Compact (MTC) in determining its 2008 Michigan Business Tax (MBT). Read more at http://link.plantemoran.com/m/1/90311804/b19914-56621273-fdb4-4585-add6-b50cae69355a/1/854/77ac9ea4-0720-4ecf-b640-e4a947c8923f.

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