Form 4573 - Michigan Business Tax Miscellaneous Nonrefundable Credits

• 100 percent of the total of all credits claimed if the move is

to rehabilitate historic resources located in Michigan.

within the first tax year after the last tax year for which a

Rehabilitation projects must be certified by the State Historic

Preservation Office (SHPO).

credit is claimed.

• 67 percent of the total of all credits claimed if the move is

NOTE: Beginning January 1, 2012, the historic preservation

within the second tax year after the last tax year for which a

credit is available to the extent that a taxpayer had a Part

credit is claimed.

2 approval, approved rehabilitation plan, approved high

• 33 percent of the total of all credits claimed if the move is

community impact rehabilitation plan or preapproval letter

within the third tax year after the last tax year for which a

before by December 31, 2011, but has not fully claimed the

credit is claimed.

credit before January 1, 2012. The credit may be claimed as

either a refundable accelerated credit (on Form 4889) or a non-

PART 2

refundable credit. Non-refundable credits and non-refundable

Next Energy Business Activity Credit

carryforwards of the credit are claimed here. A taxpayer may

elect to claim a certificated historic preservation credit in the

The Next Energy Business Activity Credit allows an eligible

taxpayer to claim a credit for certain qualified business activity

year in which a credit is available and will taxable under the

MBT until the qualifying credit and any carryforward of the

if certified under the Michigan Next Energy Authority Act.

credit are extinguished. The credit must first be claimed in

Qualified business activity is research, development, or

the year that the certificate of completed rehabilitation of the

manufacturing of an alternative energy marine propulsion

historic resource was issued.

system, an alternative energy system, an alternative energy

Line 16: Complete the MBT Election of Refund or

vehicle, alternative energy technology, or renewable fuel (as

Carryforward of Credits (Form 4584) to claim this credit and

defined in the Michigan Next Energy Authority Act).

elect a carryforward of any excess credit.

Line 11: Attach the certificate issued by MEDC for this credit

Line 17a: Recapture from Form 4584, Line 2. If the resource

to the return to substantiate a claim. (If the certificate is not

is sold or the certification of completed rehabilitation or

attached, the credit will be disallowed.)

preapproval letter is revoked less than five years after the

UBGs: If the eligible taxpayer is a member of a UBG, the

historic resource is placed in service, a percentage of the credit

eligible member’s calculated pro forma liability (not the group’s

may be subject to recapture.

liability) must be used to determine the credit amount certified

by the MEDC. This supporting pro forma calculation should be

100 percent If less than 1 year

provided in a statement attached to this form. See guidance on

80 percent

If at least 1 year, but less than 2 years

pro forma calculations in the UBG note under line 2.

60 percent

If at least 2 years, but less than 3 years

For more information, call the MEDC at (517) 373-9808 or visit

40 percent

If at least 3 years, but less than 4 years

the MEDC Web site at

If at least 4 years, but less than 5 years

20 percent

Renaissance Zone Credit

The Renaissance Zone Credit encourages businesses and

Questions regarding federal and State certification may be

individuals to help revitalize a designated Zone.

directed to SHPO at (517) 373-1630. For additional information,

visit the SHPO Web site at

Line 14: Complete and include the MBT Renaissance Zone

Information about Federal Historic Preservation Tax Incentives

Credit Schedule (Form 4595) to claim this credit.

is available at

If located in more than one zone, complete and include a

separate Form 4595 for each zone. Add line 25b from each

Low-Grade Hematite Credit

Form 4595 and enter the sum on line 14 of Form 4573.

The Low-Grade Hematite Credit provides a credit equal to

one dollar per long ton of qualified low-grade hematite pellets

NOTE: Beginning January 1, 2012, certain renaissance zone

credits are available as a certificated credit. A certificated

consumed in an industrial or manufacturing process, a process

in which low-grade hematite is used as a raw material in the

renaissance zone credit must be claimed beginning with the

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

production of pig iron or steel, that is the business activity of

the taxpayer. If the credit exceeds the tax liability, the excess

order for the taxpayer to remain taxable under the MBT and

may be carried forward for five years.

claim the credit.

UBGs: The credit is calculated from the aggregate tonnage

For more information see Form 4595.

of qualified low-grade hematite pellets consumed by all UBG

For more information on Renaissance Zones, contact

members in an industrial or manufacturing process.

the MEDC at (517) 373-9808 or visit their Web site at

Line 19: Low-grade hematite means any hematitic iron

For information on the

formation that is not of sufficient quality in its original

MBT credit, contact the Michigan Department of Treasury,

Customer Contact Division, MBT Unit, at (517) 636-6925.

mineral state to be mined and shipped for the production of

pig iron or steel without first being drilled, blasted, crushed,

Historic Preservation Credit

and ground very fine to liberate the iron minerals and for

The Historic Preservation Credit provides tax incentives for

which additional beneficiation and agglomeration are required

to produce a product of sufficient quality to be used in the

homeowners, commercial property owners, and businesses

Form 4573 - Michigan Business Tax Miscellaneous Nonrefundable Credits - 2013 Page 7

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