As a service to MACPA members tackling the first year under the new Michigan Business Tax (MBT), the Association continues to provide guidance on this new tax based on questions posed by members regarding implementation. The second installment of this MBT Q&A series focuses on new and existing credits, how they are taken and to whom they apply.

Many thanks to the volunteers of the MACPA Business Tax Restructuring Task Force for developing responses to these member questions; however, the responses issued are not official and may vary based on the interpretation of the MBT statute. For this reason, guidance from the Michigan Department of Treasury also is provided below.

MACPA Guidance:

Credits Carried Over from the SBT

New Credits Created for the MBT

Small Business Credits

Treasury Guidance:

Credits

MACPA members seeking additional guidance on the MBT may submit their questions via the online MBT Q&A resource available at www.michcpa.org/mbtqa.

Top