Instructions For Michigan Business Tax (Mbt) Refundable Credits Form 4574 (Page 3 of 4) in pdf

procurement contract from the United States Department of

must attach the assignment certificate to the return. (If the

Defense, Department of Energy or Department of Homeland

certificate is not attached, the credit will be disallowed.)

Security resulting in a minimum of 25 new full-time jobs.

Film Production Credit

Note: Beginning January 1, 2012, this credit is available as

The Michigan Film Office, with the concurrence of the State

a certificated credit to the extent that the taxpayer has entered

Treasurer, may enter into an agreement with an eligible

into an agreement with MEGA by December 31, 2011, but

production company providing the company with a refundable

the credit has not been fully claimed or paid prior to January

credit against MBT tax liability or against taxes withheld under

1, 2012.

This credit must be claimed beginning with the

Chapter 7 of the Michigan Individual Income Tax Act.

taxpayer’s first tax year ending after December 31, 2011, in

Note: Beginning January 1, 2012, this credit is available as

order for the taxpayer to remain taxable under the MBT and

a certificated credit to the extent that the taxpayer has entered

claim the credit.

into an agreement with the Michigan Film Office with the

Complete Form 4584 to claim this credit and elect a refund or

concurrence of the State Treasurer by December 31, 2011, but

carryforward of the resulting overpayment.

the credit has not been fully claimed or paid prior to January

1, 2012.

This credit must be claimed beginning with the

For more information, contact MEDC at 1-888-522-0103 or

taxpayer’s first tax year ending after December 31, 2011, in

visit the MEDC Web site at

order for the taxpayer to remain taxable under the MBT and

org/.

claim the credit.

MEGA Photovoltaic Technology Credit

To qualify for the credit, an eligible production company

The MEGA Photovoltaic Technology Credit is available to a

must spend at least $50,000 in Michigan for the development,

qualified taxpayer that enters into an agreement with MEGA to

preproduction, production, or postproduction costs of a

construct and operate a new facility in Michigan which serves

State-certified qualified production and must not be delinquent

to develop and manufacture photovoltaic energy, photovoltaic

in a tax or other obligation owed to Michigan nor be owned or

systems, or other photovoltaic technology. Photovoltaic energy,

under common control of an entity that is delinquent.

systems, or technology rely on solar power. The credit is

A Post-Production Certificate will be issued verifying the

available for 25 percent of the taxpayer’s capital investment in

amount of the credit to be claimed once the Michigan Film

the new facility during the tax year.

Office is satisfied that expenditure and eligibility requirements

Note: Beginning January 1, 2012, this credit is available as

are met.

a certificated credit to the extent that the taxpayer has entered

The credit may be assigned in the tax year in which the

into an agreement with MEGA by December 31, 2011, but

Post-Production Certificate is issued but such assignment is

the credit has not been fully claimed or paid prior to January

irrevocable.

1, 2012.

This credit must be claimed beginning with the

taxpayer’s first tax year ending after December 31, 2011, in

For

information,

contact

the

Michigan

Film

order for the taxpayer to remain taxable under the MBT and

Office

1-800-477-3456

visit

the

Web

site

claim the credit.

The credit generally must be taken in equal installments

Line 18: A taxpayer claiming a Film Production Credit must

over a two-year period beginning in the tax year in which

attach the Post-Production Certificate to the return. A taxpayer

the certificate is issued. A taxpayer may make an irrevocable

claiming an assigned Film Production Credit must attach to the

assignment of all or a portion of the credit or may convey the

return an MBT Film Credit Assignment (Form 4589) approved

right to the assignment on a form provided by MEGA, which

by Treasury. (If the certificate or approved assignment form is

will then issue assignment certificates to the assignee(s).

not attached, the credit will be disallowed.)

A taxpayer or assignee that claims a credit and subsequently

UBGs: Enter the total amount for this credit claimed by all

fails to meet the requirements of the act or any other

eligible members and provide the requested post-production

conditions established by MEGA in the agreement may, as

certification or Form 4589 for each eligible member.

determined by MEGA, have its credit reduced or terminated

MEGA Plug-In Traction Battery Manufacturing Credit

or have a percentage of the credit previously claimed added

Line 19: For tax years ending after December 31, 2014, the

back to the tax liability of the taxpayer in the tax year that the

MEGA Plug-In Traction Battery Manufacturing Credit is

taxpayer or assignee fails to comply. Recapture is reported on

no longer available.

Form 4587.

Anchor Company Payroll Credit

A taxpayer certified to take the polycrystalline silicon credit

under MCL 208.1432 is disqualified from taking this credit.

This credit is available for a qualified taxpayer that was

designated by MEGA as an anchor company within the last

Line 17: Approved businesses receive a certificate from MEGA

five years and that has influenced a new qualified supplier or

each year showing the total amount of tax credit allowed. Attach

customer to open, locate, or expand in Michigan.

the Annual Tax Credit Certificate to the return. A taxpayer

claiming an assigned MEGA Photovoltaic Technology Credit

Note: Beginning January 1, 2012, this credit is available as

Instructions For Michigan Business Tax (Mbt) Refundable Credits Form 4574 Page 3

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