Michigan Supreme Court Rules for IBM in Compact Election Case

Overview


Diann Smith noted that a Michigan Supreme Court decision allowing a company to use the Multistate Tax Compact for apportioning its business income to the state still “leaves the issue very much open as to when Michigan tried to repeal the provision” allowing use of the Compact. Stephen Kranz agreed in assessing the Michigan legislature’s 2011 repeal effort, saying that “for taxpayers who have refund claims for 2011 and beyond, we don’t think this decision solves their problem.”