Form 4947 - Michigan Schedule Of Certificated Credits

Line 9: An Anchor Company Taxable Value Credit may be

Line 38: A MEGA Poly-Silicon Energy Cost Credit may be

classified as refundable or nonrefundable, depending upon

an election made by the taxpayer. Use this line only to report

an Anchor Company Taxable Value Credit that is properly

a MEGA Poly-Silicon Energy Cost Credit that is properly

classified as nonrefundable, and reported on Form 4568.

classified as refundable, and reported on Form 4574, line 22.

This credit cannot be claimed for a tax period ending in

Line 10: A MEGA Poly-Silicon Energy Cost Credit may be

2015 or later.

classified as refundable or nonrefundable, depending upon

an election made by the taxpayer. Use this line only to report

a MEGA Poly-Silicon Energy Cost Credit that is properly

classified as nonrefundable, and reported on Form 4568. This

credit cannot be claimed for a tax period ending in 2015 or

later.

PART 2: Recapture of Certain Business Tax Credits

If not reporting any recaptures in Part 2, skip to Part 3.

Line 12: See the section “Calculation of MBT ITC Credit

Recapture Amount” later in these instructions.

Line 13: UBGs: In a UBG, a separate copy of Form 4585 is

filed for each member that has activity reportable on that form.

If the return includes multiple copies of Form 4585, report here

the combined total of recapture reported on all Forms 4585,

line 7.

PART 3: Certificated Refundable Credits

Line 29: Standard taxpayers and financial institutions use the

MEGA Employment Tax Credit amount as reported on Form

4574, line 12

Line 32: A MEGA Federal Contracts Credit may be classified

as refundable or nonrefundable, depending upon an election

made by the taxpayer. Use this line only to report a MEGA

Federal Contracts Credit that is properly classified as

refundable, and reported on Form 4574, line 16.

Line 33: Standard taxpayers and financial institutions use the

MEGA Photovoltaic Technology Credit amount as reported on

Form 4574, line 17.

Line 34: Standard taxpayers and financial institutions use the

Film Production Credit amount as reported on Form 4574, line

18.

Line 35: A MEGA Plug-In Traction Battery Manufacturing

Credit may be classified as refundable or nonrefundable,

depending upon an election made by the taxpayer. Use

this line only to report a MEGA Plug-In Traction Battery

Manufacturing Credit that is properly classified as refundable,

and reported on Form 4574, line 19.

Line 36: An Anchor Company Payroll Credit may be

classified as refundable or nonrefundable, depending upon an

election made by the taxpayer. Use this line only to report an

Anchor Company Payroll Credit that is properly classified as

refundable, and reported on Form 4574, line 20.

Line 37: An Anchor Company Taxable Value Credit may be

classified as refundable or nonrefundable, depending upon

an election made by the taxpayer. Use this line only to report

an Anchor Company Taxable Value Credit that is properly

classified as refundable, and reported on Form 4574, line 21.

Form 4947 - Michigan Schedule Of Certificated Credits - 2014 Page 4

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