{"data":{"id":"us-mi/mich.-comp.-laws-333.27962","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 333.27962","heading":"Deduction of certain expenses from income.","body":"Sec. 12.\n\nIn computing net income for marihuana establishments, deductions from state taxes are allowed for all the ordinary and necessary expenses paid or incurred during the taxable year in carrying out a trade or business.","path":["MI Code","Chapter 333","Act Initiated-Law-1-of-2018"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-333-27962","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"5e01b1c1a4adb0f798bc247c4520365baea140ecaeef6d7cd2c2a5d7ac9e8bcd","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-333.27961a","next":"us-mi/mich.-comp.-laws-333.27963"},"notice":"GroundRules: Original legal text. Not legal advice."}