More Michigan Business Tax Credits Enacted Related to Alternative Energy

Posted by Ed Kisscorni at 8/12/2008 9:08 AM and is filed under uncategorized

The Michigan legislature has passed and the governor has signed a series of bills to provide significant Michigan Business Tax (MBT) credits for the construction and operation of a new or expanded facility for the manufacture of polycrystalline silicon. The MBT credits are also available to a taxpayer whose business activity conducted in Michigan includes the manufacturing of polycrystaline silicon for solar cells and semiconductor microchips. The credits are available for a period of twelve years beginning with tax years beginning after December 31, 2001 through 2023. The credit is refundable. [PA 262, PA 263, PA 264, PA 265, PA 266 and PA 267]

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