Form 4584 - Michigan Business Tax Election Of Refund Or Carryforward Of Credits, And Calculation Of Historic Preservation And Brownfield Redevelopment Carryforward - 2014 Page 9
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9MEGA also may provide that qualified sales to a qualified
Line 76: Approved businesses receive a certificate from
customer not be considered in calculating the sales factor for
MEGA each year showing the total amount of tax credit
allowed. Attach the Anchor District Tax Credit Certificate to
the tax year for which a credit is provided.
the return. (If the certificate is not attached, the credit will be
The statute provides for reduction, termination, or recapture of
disallowed.)
the credit if the taxpayer fails to comply with its agreement or
the statute. Credit recapture is calculated on Form 4587.
Line 79: Add lines 75 and 78b. This amount is the Anchor
Company Taxable Value credit carryforward to be used on the
For more information, contact MEDC at (517) 373-9808 or visit
taxpayer’s next MBT return.
the MEDC Web site at
MEGA Poly-Silicon Energy Cost Credit and
Line 65: UBGs: Enter unused credit amount from Form 4580,
Miscellaneous MEGA Battery Credits
Part 2B, line 58, column C.
Beginning January 1, 2012, these credits are available as
Line 68: Approved businesses receive a certificate from
certificated credits to the extent that the taxpayer has entered
MEGA each year showing the total amount of tax credit
allowed. Attach the Anchor Jobs Tax Credit Certificate to the
into an agreement with MEGA by December 31, 2011, but
the credit has not been fully claimed or paid prior to January
return. (If the certificate is not attached, the credit will be
1, 2012.
This credit must be claimed beginning with the
disallowed.)
taxpayer’s first tax year ending after December 31, 2011, in
Line 71: Add lines 67 and 70b. This amount is the Anchor
order for the taxpayer to remain taxable under the MBT and
Company Payroll credit carryforward to be used on the
claim the credit. This credit cannot be claimed for a tax
taxpayer’s next MBT return.
period ending in 2015 or later.
Anchor Company Taxable Value Credit
Line 81a-f: Enter unused credit amount from a previous period
MBT return for the appropriate credit.
The Anchor Company Taxable Value Credit is available for a
qualified taxpayer that was designated by MEGA as an anchor
UBGs: Enter the unused credit amount from Form 4580, Part
company within the last five years and that has influenced a
2B, for the appropriate credit.
new qualified supplier or customer to open, locate, or expand
Line 81a-f: Enter unused credit amount from a previous period
in Michigan.
MBT return for the appropriate credit.
Beginning January 1, 2012, this credit is available as a
Line 84a-f: Approved businesses receive a certificate from
certificated credit to the extent that the taxpayer has entered
MEGA each year showing the total amount of tax credit
into an agreement with MEGA by December 31, 2011, but
allowed. Attach the certificate to the return. (If the certificate
the credit has not been fully claimed or paid prior to January
is not attached, the credit will be disallowed.)
1, 2012.
This credit must be claimed beginning with the
taxpayer’s first tax year ending after December 31, 2011, in
Line 87: Add lines 83 and 86b. This amount is the MEGA
order for the taxpayer to remain taxable under the MBT and
Poly-Silicon Energy Cost Credit and/or Miscellaneous MEGA
claimed the credit.
Battery Credits carryforward to be used on the taxpayer’s next
MBT return.
A qualified taxpayer may take a credit in an amount up to 5
percent of its supplier’s or customer’s taxable property value
NOTE: The MEGA battery manufacturing facility credit now
within a ten mile radius of the qualified taxpayer. This credit
has a limited accelerated option. For more information on
may be taken for a period of up to five years, as determined
accelerated certificated credits, see Form 4589.
by MEGA. Any amount that exceeds the taxpayer’s tax liability
Include completed Form 4584 as part of the tax return filing.
may be refunded or carried forward for five years or until it is
used up, whichever occurs first. To be eligible for the credit, a
taxpayer must be certified by MEGA. MEGA also may provide
that qualified sales to a qualified customer not be considered in
calculating the sales factor for the tax year for which a credit is
provided.
The statute provides for reduction, termination, or recapture
of the credit if the taxpayer fails to comply with its agreement
or the statute. Credit recapture is calculated on the MBT
Schedule of Recapture of Certain Business Credits and
Deductions (Form 4587). For more information, contact the
MEDC at (517) 373-9808 or visit the MEDC Web site at
Line 73: Enter unused credit amount from a previous period
MBT return.
UBGs: Enter the unused credit amount from Form 4580, Part
2B, line 59, column C.
141
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