Michigan Companies Seek High Court Review of Capital Gains Cases

The Michigan Supreme Court should reconcile the interplay between the meaning of the tax base under federal law and the state’s three different corporate tax statutes in place since 1975, two companies told the justices in related petitions for review.

Michigan Bell Telephone Co. and Republic Services of Michigan want the high court to overturn rulings in favor of the state treasury department in disputes over how to calculate the gain on the sale of assets bought while one tax regime was in effect but sold under either of the two subsequent laws that took its place.

“Changes in tax ...