Corporate Income Tax
Credits 9. Who is considered an officer for purposes of the Small Business Alternative Credit under MCL 206.671?
Under MCL 206.671, an entity is disqualified from taking the small business alternative credit if more than $180,000 is paid to a shareholder or officer. "Officer" means an officer of a corporation, including a chairperson of the board; the president, vice president, treasurer, or secretary of the corporation or board; or any person performing similar duties. MCL 206.617(10)(g).
"Corporation" means a person "that is required or has elected to file as a C corporation as defined under section 1361(a)(2) and section 7701(a)(3) of the [IRC]." MCL 206.605(1).