Steven Cole

Steven Cole

Bodman

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Michigan Enacts Elective Flow-Through Entity Tax as “SALT Cap Workaround”

On Monday, December 20, 2021, Michigan Governor Gretchen Whitmer signed House Bill (H.B.) 5376 into law.  H.B. 5376, also referred to as Michigan’s “SALT Cap Workaround,” amends the Michigan Income Tax Act to allow...more

12/22/2021  /  Income Taxes , New Legislation , Partnerships , S-Corporation , SALT , State and Local Government , State Taxes , Tax Credits , Tax Planning , Tax Reform
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