The Michigan Department of Treasury issued a notice regarding its conformity with the Internal Revenue Code (IRC) and its decision to decouple from several provisions of the federal One Big Beautiful Bill Act (OB3) effective from the 2025 tax year. The notice outlines specific adjustments that certain taxpayers must make to their reported income under individual income tax, corporate income tax, or elective flow-through entity tax as a result of this decoupling. [Mich. Dep’t of Treasury, Notice on Decoupling Michigan Income Taxes from Certain Internal Revenue Code Provisions, 02/25/26]
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