APPORTIONMENT PERCENTAGE FOR TRIBES Sample Clauses

APPORTIONMENT PERCENTAGE FOR TRIBES. (CIT), TRIBAL MEMBERS (CIT) OR TRIBAL ENTITIES (CIT) FOR NON-UNITARY FLOW-THROUGH ENTITY INCOME
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APPORTIONMENT PERCENTAGE FOR TRIBES. (CIT), Tribal Members (CIT) or Tribal Entities (CIT) Ownership Portion for Corporate Income Tax Base The Michigan tax bases attributable to signatory tribes and their members are based only on the business activity conducted outside the ETAA. This activity is measured by sales. The sales factor determines the portion of activity that is taxable. Percentages should be carried out four digits to the right of the decimal point. Do not round percentages. For example, 24.154266 percent becomes 24.1542 percent. When converting a percentage to a decimal number, carry numbers out six digits to the right of the decimal point. For example, 24.154266 percent becomes 0.241542. Complete this form using amounts for the taxpayer’s business activity only. Do not include amounts from, or interest in, a partnership, S Corporation, or LLC. Sales Factor The sales factor is equal to total sales in Michigan outside the ETAA (line 5), divided by the total sales everywhere (line 8).
Sample 1

Related to APPORTIONMENT PERCENTAGE FOR TRIBES

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