Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 33
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41using both the alternate tax and the standard small
business credit and file using the method to the group’s
advantage. All members must use the same method.
Line 16b. If the allocated income after loss adjustment
is more than $95,000 but not more than $115,000 for
any member of a controlled group, multiply line 16a by
the percentage from the table on page 22 and enter the
result on line 16b.
Line 17. Subtract line 16a or 16b, whichever is
applicable, from line 12 and enter the result on line 17.
Part 5, Standard Small Business Credit. Use this
section to determine the group’s standard small business
credit. Calculate a combined credit percentage for the
group. This percentage is then used to calculate each
entity’s standard small business credit.
Line 23b. If the allocated income after loss adjustment
is more than $95,000 but not more than $115,000 for
any member of the controlled group, enter the
percentage from the table on page 22 and multiply line
23a by that amount. Enter the result on line 23b.
Line 24. Subtract line 23a or 23b, whichever is
applicable, from line 22 and enter the result on line 24.
Part 6, Gross Receipts Reduction. Complete this
section only if your combined gross receipts are more
than $9 million but not more than $10 million.
Annualize for tax periods less than 12 months.
Part 7. If you are claiming contribution credits, enter
this amount on Form C-8000C, line 27. If not, enter this
amount on Form C-8000, line 45.
Remember: The group must choose either
the alternate tax or the standard small
business credit. All members must use the
same calculation.
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