Who must file a City of Grand Rapids Corporate Income Tax return (GR-1120)?
Every corporation doing business in the city, whether or not it has an office or place of business in the city and whether or not it has net profits, is required to file a return. Corporations cannot choose to file and be taxed as partnerships. However, nonprofit corporations who have applied for and received approval for exemptions from federal income tax, state and national banks, trust companies, insurance companies, building and loan institutions, savings and loan associations and credit unions are exempt from the city income tax. Subchapter “S” corporations doing business in the City of Grand Rapids must file as a “C” corporation for city income tax purposes.
