Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 29
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41You must attach Michigan Historic Preservation Tax
Credit (Form 3581) as well as all attachments requested on
that form.
If you are assigning the credit, complete and
attach Michigan Historic Preservation Tax Credit
Assignment (Form 3614).
Forms are available from 1-800-FORM-2-ME
(1-800-367-6263) or on the Michigan Department of
Treasury Web site at:
Questions regarding federal and state certification may be
directed to the State Historic Preservation Office at
517-373-1630.
Additional Information: The State Historic
Preservation Office has a web page at:
Information about Federal Historic Preservation Tax
Incentives is available at:
www2.cr.nps.gov/
The Low-grade Hematite Pellet Credit provides a credit
equal to $1.00 per long ton of qualified low-grade
hematite pellets consumed in an industrial or
manufacturing process that is the business activity of the
taxpayer. This credit shall be based on low-grade hematite
pellets consumed on or after January 1, 2000. If the credit
exceeds your tax liability, the difference may be carried
forward for the next 5 tax years.
The Old Brownfield Credit (MCL 208.38d) was avail-
able for tax years that began after December 31,1996 and
before January 1, 2001. The credit carryforwards from
credits that were previously approved may still be applied
against the current tax liability until the credit is used up or
the 10-year limitation has been reached.
The New Brownfield Credit (MCL 208.38g) encourages
businesses to make investment on eligible Michigan
property that was used or is currently used for commercial,
industrial, or residential purposes and is either a facility
(environmentally contaminated property), functionally
obsolete, or blighted. Functionally obsolete or blighted
property must be located in a qualified local governmental
unit. For the purpose of the SBT credit, the local
Brownfield Redevelopment Financing Authority desig-
nates eligible property in an approved brownfield plan.
For the credit to be valid, you must attach the Certificate
of Completion, issued after completion of the approval
process, to your return. If the credit is being assigned to
you, attach documentation verifying the credit is valid.
If the credit exceeds your tax liability for the year, the
difference may be carried forward for the next 10 tax
years.
For more information on the approval process for the
brownfield credit and copies of required forms see the
Department of Treasury Web site at:
Forms are also available by calling 1-800-FORM-2-ME
(1-800-367-6263).
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