Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 28
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41INSTRUCTIONS FOR C-8000MC
MISCELLANEOUS CREDITS
Purpose: To allow eligible taxpayers to claim the Michigan
equal to the amount of tax liability attributable to business
Economic Growth Authority, Workers’ Disability
activity in the enterprise zone for 10 years from the date
Supplemental Benefit, Apprenticeship, Enterprise Zone,
that the business was certified. The only certified
Renaissance Zone, Michigan Historic Preservation, Low-grade
enterprise zone eligible for this credit is in Benton Harbor.
Hematite Pellet and Brownfield credits. Review the
No new applications are being accepted for this credit. Be
descriptions carefully before claiming a credit as there are strict
sure to enter the street address or the parcel number of the
eligibility requirements. Follow the instructions on the form for
property before you begin the calculation. For more
each credit.
information, request Revenue Administrative Bulletin
1993-10 or call the Michigan Economic Development
PART A: Refundable Credits
Corporation at 517-373-9808.
The Michigan Economic Growth Authority (MEGA)
The Michigan Economic Growth Authority (MEGA)
Employment Tax Credit promotes economic growth and jobs
Business Activity Tax Credit promotes economic growth
in Michigan. Projects must be certified by MEGA. Approved
and jobs in Michigan. Projects must be certified by
businesses receive a certificate from MEGA each year showing
MEGA. Each year, approved businesses receive a
the total amount of tax credit allowed. Attach your Annual Tax
certificate from MEGA showing the total amount of tax
Credit Certificate to your return to substantiate your claim.
credit allowed. Attach your Annual Tax Credit Certificate
Your credit will be disallowed if the certificate is not attached.
to your return to substantiate your claim. Your credit will
For more information, call the Michigan Economic
be disallowed if the certificate is not attached. If the credit
Development Corporation at 517-373-9808 or visit the MEDC
exceeds your tax liability for the year, the difference may
Web site at: and click on The
be carried forward for the next 10 tax years. For more
Michigan Advantage.
information, call the Michigan Economic Development
The Workers’ Disability Supplemental Benefit (WDSB)
Corporation at 517-373-9808 or visit the MEDC Web site
Credit is available to self-insured employers only for the
at: and click on The Michigan
amount authorized by the Department of Consumer and
Advantage.
Industry Services during the tax year. The authorization date
The Renaissance Zone Credit encourages businesses
and the amount of credit are on the credit list (LW06401-Z04)
and individuals to move into a designated zone to help
given to you by the Department of Consumer and Industry
revitalize the area. A business located and conducting
Services. Attach a copy of the credit list(s) to your return to
business activity within a renaissance zone may claim a
substantiate your claim. For more information on WDSB credit
credit for tax years beginning after December 31, 1996. Be
eligibility, call the Michigan Department of Consumer and
sure to enter the street address or the parcel number of the
Industry Services, Bureau of Workers Disability Compensation
property before you begin the calculation. Any business
at 517-322-1879 or 1-888-396-5041 or visit the Michigan
activity related to a casino, including operating a parking
Department of Consumer and Industry Services Web site at:
lot, hotel, motel or retail store, cannot be used to calculate
this credit.
The Apprenticeship Credit encourages businesses to hire
and provide training to qualified students. The credit equals 50
A business is not eligible for this credit if, as of Dec. 31,
percent of the payroll expenses paid for the benefit of an
of the prior tax year, they are delinquent in paying a
apprentice in a qualified program plus 100 percent of the cost
property tax, single business tax or city income tax. You
of classroom instruction and related expenses. Apprentices
will be notified if a claimed credit is disallowed.
must be 16 - 19 years old and enrolled in either high school or
For more information on renaissance zones, contact the
a GED program. The maximum credit is $2,000 annually per
Michigan Economic Development Corporation at 517-
apprentice. To substantiate your claim, attach a copy of an
373-9808 or 1-800-94-NO-TAX. Visit the MEDC Web
approved federal ETA 671 form to your return for each
site at: and click on The Michigan
apprentice. For more information, call the U.S. Department of
Advantage. For information on the SBT credit, contact the
Labor, Bureau of Apprenticeship and Training at
Customer Contact Division, SBT Unit at 517-373-8030.
517-377-1746.
The Michigan Historic Preservation Credit provides
Additional Information: Visit Michigan's School-to-
tax incentives for homeowners, commercial property
Registered Apprenticeship System Web site at:
owners and businesses to rehabilitate historic resources
and click on Fact Sheets.
located in Michigan. For tax years beginning after Decem-
PART B: Nonrefundable Credits
ber 31, 1998, a nonrefundable credit is available based
The Enterprise Zone Credit was created to encourage
upon the qualified expenditures made for rehabilitating an
businesses to locate and expand in areas with high
historic resource.
unemployment, low income, high property taxes and low
property value. A certified business is eligible for a credit
51
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial