Michigan Compiled Laws

Mich. Comp. Laws § 206.113 (2026)

Interest and dividends; allocation.

✓ current as of July 2026

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INCOME TAX ACT OF 1967

Act 281 of 1967

206.113 Interest and dividends; allocation.

Sec. 113.

Interest and dividends are allocable to this state if the taxpayer is a resident partnership, estate or trust or individual of this state or has a commercial domicile in this state.

History: 1967, Act 281, Eff. Oct. 1, 1967 ;-- Am. 1969, Act 332, Imd. Eff. Nov. 4, 1969

Notes of Decisions

Cited in 7 cases, 1981–1993 · leading case: Molter v. Dep't of Treasury, 505 N.W.2d 244 (Mich. 1993).

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Molter v. Dep't of Treasury, 505 N.W.2d 244 (Mich. 1993). · cites it 4× “See MCL 206.113; MSA 7.557(1113). In sum, I believe that the corpus of a deferred compensation plan designated to a participant, including gains by way of interest or capital appreciation, is taxable as an indivisible unit when deferral status is terminated.”

Chocola v. Dep't of Treasury, 369 N.W.2d 843 (Mich. 1985). · cites it 3× “[MCL 206.113; MSA 7.557(1113).] Sec. 115. All business income, other than income from transportation services shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus the sales factor,…”

Grunewald v. Dep't of Treasury Wortley, 305 N.W.2d 269 (Mich. Ct. App. 1981). “The board also suggested that subchapter S distributions are equivalent to corporate dividends which are allocated to this state where the taxpayer is a resident, MCL 206.113; MSA 7.557(1113). Finally, the board found no basis for application of the allocation and apportionment…”

Chocola v. Dep't of Treasury, 348 N.W.2d 290 (Mich. Ct. App. 1984). “One is MCL 206.113; MSA 7.557(1113), which provides that "dividends are allocable to this state if the taxpayer is a resident”.”

Wilson v. Dep't of Treasury, 333 N.W.2d 3 (Mich. Ct. App. 1982). · cites it 2× “The board also suggested that subchapter S distributions are equivalent to corporate dividends which are allocated to this state where the taxpayer is a resident, MCL 206.113; MSA 7.557(1113). Finally, the board found no basis for application of the allocation and apportionment…”

Molter v. Dep't of Treasury, 484 N.W.2d 702 (Mich. Ct. App. 1992). “” Additionally, § 113 of the Income Tax Act, MCL 206.113; MSA 7.557(1113), governs interest accrued while a resident: Interest and dividends are allocable to this state if the taxpayer is a resident partnership, estate or trust or individual of this state or has a commercial…”

Rosenbalm v. Dep't of Treasury, 416 N.W.2d 343 (Mich. Ct. App. 1987). “557(1110) and MCL 206.113; MSA 7.557(1113), dividend income must be allocated to Michigan regardless of its character as business income.”

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