Michigan Treasury Releases Treasury Update for March 2025

The Michigan Department of Treasury released guidance providing updates on various tax matters. The main announcement covered a Michigan Tax Tribunal case addressing whether a taxpayer’s wholesale sales of electricity to the Midcontinent Independent System Operator constituted Michigan sales for apportionment purposes under the state’s Corporate Income Tax. Other updates include recently issued guidance, a case dismissal for lack of jurisdiction, amendments to the Flow-Through Entity Tax, details on a new Research and Development tax credit, and an expansion of the sales and use tax exemption for data center equipment. [Mich. Dep’t of Treasury, Treasury Update - March 2025, 03/01/25] ...