Pm One, Ltd v. Department of Treasury

Petitioner P.M. One, Ltd. (PM One), appeals as of right from a decision of the Michigan Tax Tribunal, which held that certain amounts PM One collected constituted “gross receipts” under § 7 of the Single Business Tax Act (sbta), MCL 208.7; MSA 7.558(7). The Michigan Tax Tribunal stated that “[t]he substance of these purchase, supply and payment arrangements is the reimbursement and compensation of Petitioner [PM One] for necessary expenses it incurs to provide the services required by the terms of its management agreement with an owner; accordingly, the amounts at issue are gross receipts of…