Michigan R&D Tax Credit Summary

MICHIGAN R&D TAX CREDIT SUMMARY

Michigan State Corporate Income Tax

Effective January 1, 2012, Michigan’s Corporate Income tax replaced Michigan’s Business Tax (MBT). Michigan’s Corporate Income Tax does not allow any Research & Development tax credits.

How to Obtain the Credit?

Taxpayers that wish to claim credits that were allowed under the MBT can continue claiming those credits if they continue to file returns under the MBT. For the 2008, 2009, and 2010 tax years, a qualified taxpayer that makes an eligible contribution in an eligible business may claim a credit against the MBT equal to 30% of the taxpayer’s eligible contribution, not to exceed $300,000.

Refundable/Transferable Tax Credit – No

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