Michigan R&D Tax Credit Summary

Michigan R&D tax credit, R&D Tax Credit

Michigan State Corporate Income Tax

Refundable Tax Credit – No

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.

Find out if you qualify for the R&D tax credit

 

SELL YOUR NOL’s AND R&D CREDITS

If your company hasn’t considered the R&D credit in the past because you have net operating losses (NOLs) and could not utilize the credit contact us today to find out which states allow you to sell your credits and losses for up to 95 cents on the dollar. Also, qualified start-up companies can now take a credit on their payroll taxes for their R&D credit, allowing your company to utilize the R&D credit immediately, even if your company does not have taxable income.
FIND OUT MORE TODAY

 

States Offering R&D Credit:

                             States Without R&D Credit

Alabama
District of Columbia
Missouri
Montana
Nevada
Oklahoma
South Dakota
Tennessee
Washington
West Virginia
Wyoming