R&D Tax Credit Available:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Michigan Tax Return
Data Required to Compute Credit:
Claim Period Qualified R&D Expenses (QREs)
R&D Credit Summary:
The R&D tax credit equals 1.9% of their Michigan QREs during the tax year.
The R&D credit, along with two other tax credits, cannot exceed 75% of the taxpayer's tax liability.