Tax Credit in Amount Equal to 50% of Examination Fees Paid by Insurance Company.

  1. Law
  2. Michigan Compiled Laws
  3. Income Tax Act of 1967
  4. 281 of 1967 - Income Tax Act of 1967 (206.1 - 206.713)
  5. Part 2 (206.601...206.699)
  6. Chapter 12 (206.635...206.643)
  7. Tax Credit in Amount Equal to 50% of Examination Fees Paid by Insurance Company.

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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


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