Flow-Through’ Exemption Restorer Bill Heads To House
LANSING - Nearly 250,000 Michigan "Flow-Through" business organized as S Corporations or partnerships could claim state income tax exemptions under legislation that the Senate unanimously passed Thursday. Under the 2017 U.S. Tax Cut, "Flow-Through entities" lost their ability to deduct what they pay in state income taxes. C Corporations, by contrast, did not lose that