Michigan Research and Development Tax Credit Summary

Companies in the State of Michigan may claim a credit against the Michigan business tax for Qualified Research Expenses ("QREs"). The amount of the credit is 1.9% of the taxpayer's QREs in Michigan.

This credit, combined with the investment tax credit and the compensation credit, cannot exceed 65% of the total Michigan business tax liability before the surcharge.

Get More Information About the R&D Tax Credit
The R&D Tax Credit, first enacted in 1981, has been one of the most valuable credits leveraged by companies. Every year, the R&D credit yields billions of dollars in federal and state benefits to companies engaged in qualifying research. Thousands of companies take advantage of the credit across several industries. » Learn More