Form 4570 - Business Tax Credits For Compensation, Investment, And Research And Development - 2014 Page 2
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104570, Page 2
FEIN or TR Number
Net Capital Investments
17. Net MBT Capital Investment. Subtract line 16 from line 8 .................................................................................
00
17.
18. Multiply line 17 by 2.9% (0.029) ............................................................................................................................
00
18.
19. Net Recapture Amount from Single Business Tax Assets from Form 4585, line 7 ................................................
00
19.
20. Subtract line 19 from line 18. If negative, carry amount to Form 4568, line 4b ....................................................
00
20.
PART 3: REDUCED COMPENSATION AND INVESTMENT TAX CREDITS
21. Add lines 3 and 20. If line 20 is negative, enter amount from line 3 ......................................................................
00
21.
22. Tax Before Surcharge from Form 4567, line 51, or Form 4590, line 22 ................................................................
00
22.
23. Total SBT credit carryforwards used from Form 4569, line 13 ...............................................................................
00
23.
24. Subtract line 23 from line 22. If less than zero, enter zero .....................................................................................
00
24.
25. Multiply line 24 by 52% (0.52) ................................................................................................................................
00
25.
26. Allowable Credit. Enter lesser of line 21 or line 25. Carry amount to Form 4568, line 4a ...................................
00
26.
27. If line 20 is negative, enter amount from line 20 as a positive number. If line 20 is positive, leave this line blank ...
00
27.
28. Tax After Compensation and Investment Tax Credits. Subtract line 26 from line 1 and add line 27 ......................
00
28.
PART 4: RESEARCH AND DEVELOPMENT CREDIT
29. Research and development expenses in Michigan ................................................................................................
00
29.
30. Multiply line 29 by 1.9% (0.019) .............................................................................................................................
00
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31. Multiply line 24 by 65% (0.65) ................................................................................................................................
00
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32. Ceiling for Research and Development Credit. Subtract line 26 from line 31 .......................................................
00
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33. Research and Development Credit. Enter the lesser of line 30 or line 32. Carry amount to Form 4568, line 5 ........
00
33.
34. Tax After Research and Development Credit. Subtract line 33 from line 28.
(This line must be equal to Form 4568, line 6.) ......................................................................................................
00
34.
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