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![handle is hein.ssl/ssmi0017 and id is 1 raw text is: PUBLIC ACTS
[No. 1]
(HB 4230)
AN ACT to amend section 4 of Act No. 228 of the Public Acts of 1975, entitled An act
to provide for the imposition, levy, computation, collection, assessment and enforcement,
by lien or otherwise, of taxes on certain commercial, business, and financial activities; to
prescribe the manner and times of making certain reports and paying taxes; to prescribe
the powers and duties of public officers and state departments; to permit the inspection of
records of taxpayers; to provide for interest and penalties on unpaid taxes; to provide
exemptions, credits, and refunds; to provide penalties; to provide for the disposition of
funds; to provide for the interrelation of this act with other acts; and to provide an
appropriation, as amended by Act No. 484 of the Public Acts of 1982, being section 208.4
of the Michigan Compiled Laws; and to add section 4b.
The People of the State of Michigan enact:
Sections amended and added; single business tax act.
Section 1. Section 4 of Act No. 228 of the Public Acts of 1975, as amended by Act No.
484 of the Public Acts of 1982, being section 208.4 of the Michigan Compiled Laws, is
amended and section 4b is added to read as follows:
208.4 Definitions; C, D. [M.S.A. 7.558(4))
Sec. 4. (1) Casual transaction means a transaction made or engtged in other than in
the ordinary course of repeated and successive transactions of a like character, except
that a transaction made or engaged in by a person that is incidental to that person's
regular business activity is a business activity within the meaning of this act.
(2) Commissioner means the state commissioner of revenue.
(3) Except as otherwise provided in sections 4a, 4b, and 4c, compensation means all
wages, salaries, fees, bonuses, commissions, or other payments made in the taxable year
on behalf of or for the benefit of employees, officers, or directors of the taxpayers and
subject to or specifically exempt from withholding under chapter 24, sections 3401 to 3406
of the internal revenue code. Compensation includes, on a cash or accrual basis consistent
with the taxpayer's method of accounting for federal income tax purposes, payments to
state and federal unemployment compensation funds, payments under the federal
insurance contribution act and similar social insurance programs, payments, including self-
insurance, for worker's compensation insurance, payments to individuals not currently
working, payments to dependents and heirs of individuals because of current or former
labor services rendered by those individuals, payments to a pension, retirement, or profit
sharing plan, and payments for insurance for which employees are the beneficiaries,](ViewImageLocal?handle=hein.ssl/ssmi0017&div=1&collection=&method=preview&ext=.png&size=3)