{"data":{"id":"us-mi/mich.-comp.-laws-141.645","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 141.645","heading":"Net profits; consolidated returns.","body":"Sec. 45.\n\nFor the purpose of determining net profit allocable to the city under this ordinance, a corporate taxpayer may elect to file a consolidated return including subsidiaries whose voting stock is more than 50% owned by the taxpayer, if such return will more properly reflect the net profits and activities of the taxpayer in the city. The city may require a consolidated return if necessary to properly determine net profits of the taxpayer allocable to the city.","path":["MI Code","Chapter 141","Act Act-284-of-1964"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-141-645","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"03157d73aa5cc475b2e721ba546f15da234d3d32d1030e8f1841a52a1fea885c","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-141.644","next":"us-mi/mich.-comp.-laws-141.646"},"notice":"GroundRules: Original legal text. Not legal advice."}