PDF document
- 1 -
Michigan Department of Treasury                                                                                                                                          Attachment 01
4596 (Rev. 04-21), Page 1 of 2

2021 MICHIGAN Business Tax Miscellaneous Credits for Insurance Companies
Issued under authority of Public Act 36 of 2007.
Taxpayer Name                                                                     )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU  )(,1  RU 75 1XPEHU

PART 1:  REFUNDABLE CREDITS

:RUNHUV¶ 'LVDELOLW\ 6XSSOHPHQWDO %HQH¿W  :'6%  &UHGLW   If not claiming, skip to line 2.

 1. WDSB Credit allowed by the Workers’ Compensation Agency (attach document) ...............................................                                        1.                  00

MEGA Employment Tax Credit.  If not claiming, skip to line 3.

 2. Credit amount from 0('& $QQXDO 7D[ &UHGLW &HUWL¿FDWH (attach) ........................................................................                           2.                  00

MEGA Photovoltaic Technology Credit.  If not claiming this credit, skip to line 4.

 3. Credit amount from $VVLJQPHQW &HUWL¿FDWH provided by MEDC (attach) ..............................................................                                3.                  00

Film Production Credit.  If not claiming, skip to line 5.

 4. Assigned credit amount (see instructions).............................................................................................................           4.                  00

 5.  TOTAL REFUNDABLE CREDITS.  Add lines 1 through 4. Enter total here and carry to Form 4588, line 52. .....                                                       5.                  00

PART 2:  NONREFUNDABLE CREDITS

 6. There is no amount to be entered on this line .......................................................................................................            6.  X X X X X X X X 00

Compensation Credit.  If not claiming, skip to line 14 and enter there the amount from Form 4588, line 23.

 7. Michigan Compensation .........................................................................................................................................  7.                  00

 8. Compensation Credit. Multiply line 7 by 0.37% (0.0037)........................................................................................                   8.                  00

Reduced Compensation Credit

 9. Enter amount from Form 4588, line 23 ..................................................................................................................          9.                  00

 10. WDSB Credit from line 1 above.............................................................................................................................      10.                 00

 11. Subtract line 10 from line 9.  If less than zero, enter zero .....................................................................................              11.                 00

 12. Multiply line 11 by 65% (0.65) ................................................................................................................................ 12.                 00

 13. Allowable Compensation Credit. Enter lesser of line 8 or line 12 ......................................................................                         13.                 00

 14. Tax After Compensation Credit. Subtract line 13 from line 9. If less than zero, enter zero ...................................                                  14.                 00

+ 0000 2021 97 01 27 3                                                                                                                                                   Continue on Page 2



- 2 -
2021 Form 4596, Page 2 of 2                                                               FEIN or TR Number

Renaissance Zone Credit.  If not claiming, carry amount from line 14 to line 16. 
If claiming, complete and include the MBT Renaissance Zone Credit Schedule (Form 4595).

 15. Renaissance Zone Credit. Amount from Form 4595, line 25b  ............................................................................                           15.       00

 16. Tax After Renaissance Zone Credit. Subtract line 15 from line 14. If less than zero, enter zero ...........................                                      16.       00

Historic Preservation Credit.   If not claiming, carry amount from line 16 to line 19.

 17. Historic Preservation Credit from Form 4584, line 28 .........................................................................................                   17.       00

18a. Recapture of Historic Preservation Tax Credit from Form 4584, line 2 .................................................................. 18a.                               00
18b. Historic Preservation Credit Net of Recapture. Subtract line 18a from line 17. If less than zero, enter as a 
     negative number ..................................................................................................................................................... 18b. 00

 19. Tax After Historic Preservation Credit. Subtract line 17 from line 16 and add line 18a ..........................................                                19.       00

%URZQ¿HOG 5HGHYHORSPHQW &UHGLW   If not claiming, carry amount from line 19 to line 21.

 20. %URZQ¿HOG 5HGHYHORSPHQW &UHGLW from Form 4584, line 55..............................................................................                             20.       00

 21. 7D[ $IWHU %URZQ¿HOG 5HGHYHORSPHQW &UHGLW  6XEWUDFW OLQH    IURP OLQH      ,I OHVV WKDQ ]HUR  HQWHU ]HUR ............                                             21.       00

Film Infrastructure Credit.  If not claiming, carry amount from line 21 to line 26.

 22. Assigned credit amount ......................................................................................................................................... 22.       00

 23. Unused credit from previous period MBT return ....................................................................................................               23.       00

 24. Total Available Credit.  Add lines 22 and 23 ..........................................................................................................          24.       00

 25. Film Infrastructure Credit. Enter the lesser of line 21 or 24 ...............................................................................                    25.       00

 26. Tax After Film Infrastructure Credit.  Subtract line 25 from line 21.  If less than zero, enter zero..........................                                   26.       00

 27. &UHGLW FDUU\IRUZDUG  ,I OLQH    LV JUHDWHU WKDQ OLQH     HQWHU WKH GLႇHUHQFH ....... 27.                     00

 28. TOTAL NONREFUNDABLE CREDITS.  Add lines 13, 15, 18b, 20, and 25.  
     Enter total here and carry amount to Form 4588, line 24 ......................................................................................                   28.       00

+ 0000 2021 97 02 27 1



- 3 -
                                            Instructions for Form 4596 
Michigan Business Tax (MBT) Miscellaneous Credits for Insurance Companies 

Purpose                                                                 QHZ  MREV  DV  GH¿QHG  LQ  WKH  0(*$  $FW   DQG  WKDW  UHPRYHV     
                                                                        SHUFHQW  RU  PRUH  RI  WKRVH  TXDOL¿HG  QHZ  MREV  IURP  0LFKLJDQ 
7R DOORZ LQVXUDQFH FRPSDQLHV WR FDOFXODWH FHUWDLQ PLVFHOODQHRXV         ZLWKLQ  WKUHH  \HDUV  DIWHU  WKH  ¿UVW  \HDU  LQ  ZKLFK  WKH  WD[SD\HU 
FUHGLWV   7KHUH  DUH  VWULFW  HOLJLELOLW\  UHTXLUHPHQWV   VR  UHYLHZ    FODLPHG D FUHGLW PXVW SD\ DQ DPRXQW HTXDO WR WKH WRWDO RI DOO 
WKH  GHVFULSWLRQV  FDUHIXOO\  EHIRUH  FODLPLQJ  D  FUHGLW   )ROORZ  WKH FUHGLWV  FODLPHG  QR  ODWHU  WKDQ      PRQWKV  DIWHU  WKRVH  TXDOL¿HG 
LQVWUXFWLRQV RQ WKH IRUP IRU HDFK FUHGLW                                QHZ  MREV  DUH  UHPRYHG  IURP  0LFKLJDQ   5HFDSWXUH  LV  UHSRUWHG 
                                                                        RQ  WKH MBT Schedule of Recapture of Certain Business Tax 
Line-by-Line Instructions                                               Credits and Deductions  )RUP       
Lines not listed are explained on the form.                             )RU  PRUH  LQIRUPDWLRQ   FDOO  WKH  0LFKLJDQ  (FRQRPLF 
NOTE: %HJLQQLQJ -DQXDU\          RQO\ WKRVH WD[SD\HUV ZLWK              'HYHORSPHQW  &RUSRUDWLRQ   0('&   DW                   RU  YLVLW 
D FHUWL¿FDWHG FUHGLW  ZKLFK LV DZDUGHG EXW QRW \HW IXOO\ FODLPHG        WKH 0('& :HE VLWH DW http://www.michiganbusiness.org/ 
RU XWLOL]HG  PD\ HOHFW WR EH 0%7 WD[SD\HUV                              Line 2: $SSURYHG EXVLQHVVHV UHFHLYH D FHUWL¿FDWH IURP 0(*$ 
PART 1: REFUNDABLE CREDITS                                              HDFK  \HDU  VKRZLQJ  WKH  WRWDO  DPRXQW  RI  WD[  FUHGLW  DOORZHG  
:RUNHUV¶ 'LVDELOLW\ 6XSSOHPHQWDO %HQH¿W  :'6%                           $WWDFK WKH $QQXDO 7D[ &UHGLW &HUWL¿FDWH WR WKH UHWXUQ   ,I WKH 
Credit                                                                  FHUWL¿FDWH LV QRW DWWDFKHG  WKH FUHGLW ZLOO EH GLVDOORZHG  

7KH  :'6%  &UHGLW  LV  DYDLODEOH  WR  DQ  LQVXUDQFH  FRPSDQ\            MEGA Photovoltaic Technology Credit
VXEMHFW WR WKH :RUNHUV¶ 'LVDELOLW\ &RPSHQVDWLRQ $FW RI       
7KH FUHGLW LV HTXDO WR WKH DPRXQW SDLG GXULQJ WKDW WD[ \HDU E\          7KH 0(*$ 3KRWRYROWDLF 7HFKQRORJ\ &UHGLW LV DYDLODEOH WR D 
WKH LQVXUDQFH FRPSDQ\ SXUVXDQW WR 6HFWLRQ     RI WKH DFW  DV            TXDOL¿HG WD[SD\HU WKDW HQWHUV LQWR DQ DJUHHPHQW ZLWK 0(*$ 
FHUWL¿HG E\ WKH GLUHFWRU RI WKH :RUNHUV¶ &RPSHQVDWLRQ $JHQF\            WR FRQVWUXFW DQG RSHUDWH D QHZ IDFLOLW\  LQ 0LFKLJDQ  ZKLFK 
'HSDUWPHQW  RI  /LFHQVLQJ  DQG  5HJXODWRU\  $൵DLUV   /$5$               VHUYHV  WR  GHYHORS  DQG  PDQXIDFWXUH  SKRWRYROWDLF  HQHUJ\  
GXULQJ WKH WD[ \HDU  7KH DPRXQW  RI WKH FUHGLW  LV SURYLGHG  WR         SKRWRYROWDLF V\VWHPV  RU RWKHU SKRWRYROWDLF WHFKQRORJ\     This 
WD[SD\HUV E\ /$5$                                                       credit is available to an insurance company as an assignee 
                                                                        only.  3KRWRYROWDLF  HQHUJ\   V\VWHPV   RU  WHFKQRORJ\  UHO\  RQ 
)RU  PRUH  LQIRUPDWLRQ  RQ  :'6%  FUHGLW  HOLJLELOLW\                   VRODU  SRZHU   7KH  FUHGLW  LV  DYDLODEOH  IRU      SHUFHQW  RI  WKH 
FRQWDFW  /$5$   :RUNHUV¶  &RPSHQVDWLRQ  $JHQF\   DW                     WD[SD\HU¶V  FDSLWDO  LQYHVWPHQW  LQ  WKH  QHZ  IDFLOLW\  GXULQJ  WKH 
               RU                RU YLVLW WKH /$5$ :HE VLWH             WD[ \HDU 
DW www.michigan.gov/lara 
                                                                        7KH  FUHGLW  JHQHUDOO\  PXVW  EH  WDNHQ  LQ  HTXDO  LQVWDOOPHQWV 
Line 1: $WWDFK D FRS\ RI WKH GRFXPHQW SURYLGHG E\ /$5$ WR               RYHU  D  WZR \HDU  SHULRG  EHJLQQLQJ  LQ  WKH  WD[  \HDU  LQ  ZKLFK 
WKH UHWXUQ WR VXEVWDQWLDWH WKH FODLP IRU WKLV FUHGLW                    WKH FHUWL¿FDWH LV LVVXHG  $ WD[SD\HU PD\ PDNH DQ LUUHYRFDEOH 
MEGA Employment Tax Credit                                              DVVLJQPHQW RI DOO RU D SRUWLRQ RI WKH FUHGLW RU PD\ FRQYH\ WKH 
                                                                        ULJKW WR WKH DVVLJQPHQW RQ D IRUP SURYLGHG E\ 0(*$  ZKLFK 
7KH  0LFKLJDQ  (FRQRPLF  *URZWK  $XWKRULW\   0(*$  
                                                                        ZLOO WKHQ LVVXH DVVLJQPHQW FHUWL¿FDWHV WR WKH DVVLJQHH V  
(PSOR\PHQW 7D[ &UHGLW SURPRWHV HFRQRPLF JURZWK DQG MREV LQ 
0LFKLJDQ  )RU D SHULRG RI WLPH QRW WR H[FHHG    \HDUV  D WD[SD\HU       $  WD[SD\HU  RU  DVVLJQHH  WKDW  FODLPV  D  FUHGLW  DQG  VXEVHTXHQWO\ 
WKDW LV DQ DXWKRUL]HG EXVLQHVV RU DQ HOLJLEOH WD[SD\HU PD\ FODLP D      IDLOV WR PHHW WKH UHTXLUHPHQWV RI WKH DFW RU DQ\ RWKHU FRQGLWLRQV 
FUHGLW HTXDO WR WKH DPRXQW FHUWL¿HG HDFK \HDU E\ 0(*$                   HVWDEOLVKHG  E\  0(*$  LQ  WKH  DJUHHPHQW  PD\   DV  GHWHUPLQHG 
                                                                        E\  0(*$   KDYH  LWV  FUHGLW  UHGXFHG  RU  WHUPLQDWHG  RU  KDYH  D 
%HJLQQLQJ  -DQXDU\             WKLV  FUHGLW  LV  DYDLODEOH  DV  D 
                                                                        SHUFHQWDJH RI WKH FUHGLW SUHYLRXVO\ FODLPHG DGGHG EDFN WR WKH 
FHUWL¿FDWHG  FUHGLW  WR  WKH  H[WHQW  WKDW  WKH  WD[SD\HU  KDV  HQWHUHG 
                                                                        WD[ OLDELOLW\ RI WKH WD[SD\HU LQ WKH WD[ \HDU WKDW WKH WD[SD\HU RU 
LQWR  DQ  DJUHHPHQW  ZLWK  0(*$  E\  'HFHPEHU              EXW 
                                                                        DVVLJQHH IDLOV WR FRPSO\  &UHGLW UHFDSWXUH LV UHSRUWHG RQ )RUP 
WKH FUHGLW KDV QRW EHHQ IXOO\ FODLPHG RU SDLG SULRU WR -DQXDU\ 
                                                                             
             7KLV  FUHGLW  PXVW  EH  FODLPHG  EHJLQQLQJ  ZLWK  WKH 
WD[SD\HU¶V  ¿UVW  WD[  \HDU  HQGLQJ  DIWHU  'HFHPEHU              LQ    $  WD[SD\HU  FHUWL¿HG  WR  WDNH  WKH  SRO\FU\VWDOOLQH  VLOLFRQ 
RUGHU  IRU  WKH  WD[SD\HU  WR  UHPDLQ  WD[DEOH  XQGHU  WKH  0%7  DQG    FUHGLW  XQGHU  0LFKLJDQ  &RPSLOHG  /DZV   0&/             LV 
FODLP WKH FUHGLW                                                        GLVTXDOL¿HG IURP WDNLQJ WKLV FUHGLW 
NOTE:  0(*$  PD\  FHUWLI\  D  FUHGLW  EDVHG  RQ  DQ  DJUHHPHQW          %HJLQQLQJ  -DQXDU\             WKLV  FUHGLW  LV  DYDLODEOH  DV  D 
HQWHUHG LQWR SULRU WR -DQXDU\          XQGHU WKH 6LQJOH %XVLQHVV        FHUWL¿FDWHG  FUHGLW  WR  WKH  H[WHQW  WKDW  WKH  WD[SD\HU  KDV  HQWHUHG 
7D[  6%7   7KH QXPEHU RI \HDUV IRU ZKLFK WKH FUHGLW PD\ EH              LQWR DQ DJUHHPHQW ZLWK 0(*$ E\ 'HFHPEHU           EXW WKH 
FODLPHG  IRU  0%7  ZLOO  EH  HTXDO  WR  WKH  PD[LPXP  QXPEHU  RI        FUHGLW  KDV  QRW  EHHQ  IXOO\  FODLPHG  RU  SDLG  SULRU  WR  -DQXDU\     
\HDUV  GHVLJQDWHG  LQ  WKH  UHVROXWLRQ  UHGXFHG  E\  WKH  QXPEHU  RI           $Q LQVXUDQFH FRPSDQ\ DVVLJQHH  PXVW FODLP WKLV FUHGLW 
\HDUV IRU ZKLFK D FUHGLW KDV EHHQ FODLPHG RU FRXOG KDYH EHHQ            EHJLQQLQJ  ZLWK  LW¶V  ¿UVW  WD[  \HDU  HQGLQJ  DIWHU  'HFHPEHU      
FODLPHG XQGHU 6%7                                                             LQ RUGHU WR UHPDLQ WD[DEOH XQGHU WKH 0%7 DQG FODLP WKH 
                                                                        FUHGLW 
NOTE: $ WD[SD\HU WKDW FODLPHG D FUHGLW XQGHU HLWKHU 6%7 RU 
0%7  WKDW  KDG  DQ  DJUHHPHQW  ZLWK  0(*$  EDVHG  RQ  TXDOL¿HG 




- 4 -
Line 3: 7R FODLP WKLV FUHGLW  DWWDFK D FRS\ RI WKH DVVLJQPHQW           3D\PHQWV PDGH  WR D SHQVLRQ SODQ  UHWLUHPHQW  RU  SUR¿W 
FHUWL¿FDWH  UHFHLYHG  IURP  0(*$    ,I  WKH  FHUWL¿FDWH  LV  QRW        VKDULQJ  SODQ   HPSOR\HH  LQVXUDQFH  SODQV   DQG  SD\PHQWV 
DWWDFKHG  WKH FUHGLW ZLOO EH GLVDOORZHG                                 XQGHU  KHDOWK  DQG  ZHOIDUH  EHQH¿W  SODQV   DV  ZHOO  DV  WKH 
                                                                        DGPLQLVWUDWLRQ IHHV SDLG IRU WKH DGPLQLVWUDWLRQ RI WKH KHDOWK 
Film Production Credit                                                  DQG  ZHOIDUH  EHQH¿W  SODQ   DUH  FRPSHQVDWLRQ   &RPSHQVDWLRQ 
7KLV FUHGLW LV DYDLODEOH WR DQ LQVXUDQFH FRPSDQ\ DV DQ DVVLJQHH         DOVR LQFOXGHV FHUWDLQ SD\PHQWV PDGH E\ OLFHQVHG WD[SD\HUV 
RQO\                                                                    WKDW DUH VWDWXWRULO\ LGHQWL¿HG  7KHVH FRPSHQVDWLRQ SD\PHQWV 
                                                                        DUH  FDOFXODWHG  RQ  D  FDVK  RU  DFFUXDO  EDVLV  FRQVLVWHQW  ZLWK 
7KH  0LFKLJDQ  )LOP  2൶FH   ZLWK  WKH  FRQFXUUHQFH  RI  WKH  6WDWH      WKH  WD[SD\HU¶V  PHWKRG  RI  DFFRXQWLQJ  IRU  IHGHUDO  LQFRPH 
7UHDVXUHU  PD\ HQWHU LQWR  DQ DJUHHPHQW  ZLWK DQ  HOLJLEOH              WD[HV   7KH  VWDWXWH  SURYLGHV  IRU  FHUWDLQ  H[FOXVLRQV  IURP 
SURGXFWLRQ FRPSDQ\ SURYLGLQJ WKH FRPSDQ\ ZLWK D UHIXQGDEOH              FRPSHQVDWLRQ LQFOXGLQJ HPSOR\HH GLVFRXQWV RQ PHUFKDQGLVH 
FUHGLW DJDLQVW 0%7 WD[ OLDELOLW\ RU DJDLQVW WD[HV ZLWKKHOG XQGHU        DQG VHUYLFHV  SD\PHQWV IRU VWDWH DQG IHGHUDO XQHPSOR\PHQW 
&KDSWHU   RI WKH 0LFKLJDQ ,QGLYLGXDO ,QFRPH 7D[ $FW RI                  FRPSHQVDWLRQ  DQG  IHGHUDO  LQVXUDQFH  FRQWULEXWLRQV   DQG 
A 3RVW 3URGXFWLRQ  &HUWL¿FDWH  RI  &RPSOHWLRQ ZLOO  EH LVVXHG           SD\PHQWV PDGH WR LQGHSHQGHQW FRQWUDFWRUV  
YHULI\LQJ  WKH  DPRXQW  RI  WKH  FUHGLW  WR  EH  FODLPHG  RQFH  WKH     ([SHQVH LQFXUUHG IRU WKH EHQH¿W RI WKH WD[SD\HU UDWKHU WKDQ IRU 
0LFKLJDQ  )LOP  2൶FH  LV  VDWLV¿HG  WKDW  FRPSDQ\  H[SHQGLWXUHV         WKH EHQH¿W RI HPSOR\HHV RI WKH WD[SD\HU LV QRW FRPSHQVDWLRQ  
DQG HOLJLELOLW\ DUH DGHTXDWHO\ PHW                                      1RQFRPSHQVDWLRQ  H[SHQVHV  PLJKW  LQFOXGH  SD\PHQWV  UHSRUWHG 
7KH  FUHGLW  PD\  EH  DVVLJQHG  LQ  WKH  WD[  \HDU  LQ  ZKLFK  WKH      RQ D )RUP      WR DQ HPSOR\HH IRU WKH UHQWDO RI D EXLOGLQJ RU 
3RVW 3URGXFWLRQ &HUWL¿FDWH RI &RPSOHWLRQ LV UHFHLYHG EXW VXFK           IRU LQWHUHVW LQFRPH  
DVVLJQPHQW LV LUUHYRFDEOH  7KH FUHGLW PXVW ¿UVW EH FODLPHG LQ           7KLV  FUHGLW  LV  FDOFXODWHG  DJDLQVW  WKH  WD[SD\HU¶V  0LFKLJDQ 
WKH \HDU RI DVVLJQPHQW                                                  FRPSHQVDWLRQ 
%HJLQQLQJ  -DQXDU\             WKLV  FUHGLW  LV  DYDLODEOH  DV  D       &RPSHQVDWLRQ LV  ³LQ  WKLV VWDWH´  LI  D  WKH LQGLYLGXDO¶V  VHUYLFH 
FHUWL¿FDWHG  FUHGLW  WR  WKH  H[WHQW  WKDW  WKH  WD[SD\HU  KDV  HQWHUHG LV SHUIRUPHG HQWLUHO\ ZLWKLQ 0LFKLJDQ  RU  E  WKH LQGLYLGXDO¶V 
LQWR  DQ  DJUHHPHQW  ZLWK  WKH  0LFKLJDQ  )LOP  2൶FH  ZLWK  WKH         VHUYLFH  LV  SHUIRUPHG  ERWK  ZLWKLQ  0LFKLJDQ  DQG  RXWVLGH 
FRQFXUUHQFH RI WKH 6WDWH 7UHDVXUHU E\ 'HFHPEHU           EXW            0LFKLJDQ   EXW  WKH  VHUYLFHV  SHUIRUPHG  RXWVLGH  0LFKLJDQ  DUH 
WKH FUHGLW KDV QRW EHHQ IXOO\ FODLPHG RU SDLG SULRU WR -DQXDU\          LQFLGHQWDO WR WKH LQGLYLGXDO¶V VHUYLFH ZLWKLQ 0LFKLJDQ 
       $Q LQVXUDQFH FRPSDQ\ DVVLJQHH  PXVW FODLP WKLV FUHGLW 
EHJLQQLQJ  ZLWK  LW¶V  ¿UVW  WD[  \HDU  HQGLQJ  DIWHU  'HFHPEHU         Example 1: 6DOHV &R  HPSOR\V 6DOHVSHUVRQ ZKRVH WHUULWRU\ 
      LQ RUGHU WR UHPDLQ WD[DEOH XQGHU WKH 0%7 DQG FODLP WKH            LQFOXGHV ERWK 'HWURLW  0LFKLJDQ  DQG 7ROHGR  2KLR  6DOHVSHUVRQ 
FUHGLW                                                                  FDOOV  RQ  FXVWRPHUV  ORFDWHG  LQ  ERWK  0LFKLJDQ  DQG  2KLR   7KH 
                                                                        FRPSHQVDWLRQ SDLG WR 6DOHVSHUVRQ LV QRW ³FRPSHQVDWLRQ LQ WKLV 
)RU  PRUH  LQIRUPDWLRQ   FRQWDFW  WKH  0LFKLJDQ  )LOP                   VWDWH´  EHFDXVH  6DOHVSHUVRQ¶V  DFWLYLW\  LV  QRW  OLPLWHG  VROHO\  WR 
2൶FH  DW                  RU  YLVLW  WKH  :HE  VLWH  DW                 0LFKLJDQ  DQG FDOOLQJ RQ FXVWRPHUV LQ 2KLR LV QRW LQFLGHQWDO WR 
ZZZ PLFKLJDQ¿OPR൶FH RUJ                                                 6DOHVSHUVRQ¶V DFWLYLW\ LQ 0LFKLJDQ 
Line 4: 7R FODLP WKLV FUHGLW  LQFOXGH D FRS\ RI WKH MBT Film            Example 2:  0DQXIDFWXUHU  HPSOR\V  (QJLQHHU  DW  LWV  0LFKLJDQ 
Credit Assignment  )RUP       WR WKH UHWXUQ                             IDFLOLW\  6HYHUDO WLPHV D \HDU  (QJLQHHU WUDYHOV RXW RI VWDWH WR PHHW 
PART 2: NONREFUNDABLE CREDITS                                           ZLWK VXSSOLHUV  $OWKRXJK (QJLQHHU SHUIRUPV VHUYLFHV ERWK ZLWKLQ 
                                                                        0LFKLJDQ DQG RXWVLGH 0LFKLJDQ  (QJLQHHU¶V RXW RI VWDWH VHUYLFHV 
Compensation Credit 
                                                                        DUH  LQFLGHQWDO  WR  (QJLQHHU¶V  VHUYLFHV  ZLWKLQ  0LFKLJDQ   7KH 
$Q LQVXUDQFH FRPSDQ\ PD\ FODLP D FUHGLW  HTXDO  WR D                    FRPSHQVDWLRQ SDLG WR (QJLQHHU LV ³FRPSHQVDWLRQ LQ WKLV VWDWH ´
SHUFHQWDJH  RI  FRPSHQVDWLRQ  LQ  0LFKLJDQ   QRW  WR  H[FHHG 
   SHUFHQW RI WKH LQVXUDQFH FRPSDQ\¶V WD[ OLDELOLW\ IRU WKH WD[         Renaissance Zone Credit 
\HDU  DIWHU  FODLPLQJ  WKH  RWKHU  FUHGLWV  DOORZHG  XQGHU  &KDSWHU     7KH  5HQDLVVDQFH  =RQH  &UHGLW  HQFRXUDJHV  EXVLQHVVHV  DQG 
 $ RI WKH 0%7 $FW                                                       LQGLYLGXDOV WR PRYH LQWR D GHVLJQDWHG =RQH WR KHOS UHYLWDOL]H 
Line 7: (QWHU FRPSHQVDWLRQ SD\PHQWV PDGH LQ WKH WD[ \HDU                WKH  DUHD  E\  SURYLGLQJ  D  FUHGLW  IRU  EXVLQHVVHV  ORFDWHG  DQG 
RQ  EHKDOI  RI  RU  IRU  WKH  EHQH¿W  RI  HPSOR\HHV   R൶FHUV   RU       FRQGXFWLQJ EXVLQHVV DFWLYLW\ ZLWKLQ WKH =RQH  
GLUHFWRUV  DV  GH¿QHG  LQ  0&/                *HQHUDOO\   XQGHU         Line 15:  &RPSOHWH  DQG  LQFOXGH  WKH MBT Renaissance Zone 
WKLV  GH¿QLWLRQ  compensation LQFOXGHV  EXW LV  QRW  OLPLWHG            Credit Schedule  )RUP       WR  FODLP  WKLV FUHGLW  NOTE WKH 
WR   SD\PHQWV  WKDW  DUH  VXEMHFW  WR  RU  VSHFL¿FDOO\  H[HPSW  RU      FKDQJHG LQVWUXFWLRQV IRU FHUWDLQ WD[SD\HUV IRU OLQH    RI )RUP 
H[FHSWHG  IURP  ZLWKKROGLQJ  XQGHU  ,QWHUQDO  5HYHQXH  &RGH                  
 ,5&  †      WKURXJK †      
                                                                        ,I  ORFDWHG  LQ  PRUH  WKDQ  RQH  ]RQH   FRPSOHWH  DQG  LQFOXGH  D 
&RPSHQVDWLRQ  DOVR  LQFOXGHV  IULQJH  EHQH¿WV  DQG  DQ\  HDUQLQJV       VHSDUDWH  )RUP        IRU  HDFK  ]RQH   $GG  OLQH    E  IURP  HDFK 
WKDW DUH QHW HDUQLQJV IURP VHOI HPSOR\PHQW  DV GH¿QHG XQGHU             )RUP      DQG HQWHU WKH VXP RQ )RUP       OLQH    
,5& †      RI WKH WD[SD\HU RU SDUWQHU RU //& PHPEHU RI WKH 
                                                                        NOTE:  $OWKRXJK  ,QVXUDQFH  FRPSDQLHV  GR  QRW  QRUPDOO\ 
WD[SD\HU   :DJHV   VDODULHV   IHHV   ERQXVHV   FRPPLVVLRQV   DQG 
                                                                        FDOFXODWH  EXVLQHVV  LQFRPH   RU  DSSRUWLRQ  WKHLU  WD[  EDVH 
RWKHU  SD\PHQWV  PDGH  LQ  WKH  WD[  \HDU  RQ  EHKDOI  RI  RU  IRU  WKH 
                                                                        E\  D  VDOHV  IDFWRU   ERWK  DUH  UHTXLUHG  LQ  WKH  FDOFXODWLRQ  RI  D 
EHQH¿W  RI  HPSOR\HHV   R൶FHUV   RU  GLUHFWRUV  DV  ZHOO  DV  VHOI 
                                                                        5HQDLVVDQFH =RQH FUHGLW  8VH WKH   Business Income Worksheet   
HPSOR\PHQW HDUQLQJV PXVW EH UHSRUWHG RQ D FDVK EDVLV 




- 5 -
 :RUNVKHHW         WR  FDOFXODWH  D  SUR  IRUPD  EXVLQHVV                 EH FODLPHG DV HLWKHU D UHIXQGDEOH DFFHOHUDWHG FUHGLW  RQ )RUP 
LQFRPH   DQG FDOFXODWH SUR IRUPD VDOHV LQ 0LFKLJDQ DQG VDOHV                     RU  D  QRQ UHIXQGDEOH FUHGLW   1RQ UHIXQGDEOH  FUHGLWV 
HYHU\ZKHUH   6HH  LQVWUXFWLRQV  IRU  WKH MBT Annual Return                DQG  QRQ UHIXQGDEOH  FDUU\IRUZDUGV  RI  WKH  FUHGLW  DUH  FODLPHG 
 )RUP         IRU  JXLGDQFH  RQ  WKH  GH¿QLWLRQ  RI  VDOHV  DQG           KHUH  7KH FUHGLW PXVW ¿UVW EH FODLPHG LQ WKH \HDU LQ ZKLFK WKH 
DSSOLFDEOH VRXUFLQJ SURYLVLRQV                                            FHUWL¿FDWH RI FRPSOHWLRQ LV LVVXHG 
)RU  PRUH  LQIRUPDWLRQ  RQ  5HQDLVVDQFH  =RQHV   FRQWDFW                  Line 20:  &RPSOHWH  )RUP        WR  FODLP  WKLV  FUHGLW  DQG 
WKH  0('&  DW                   RU  YLVLW  WKHLU  :HE  VLWH  DW           FDUU\IRUZDUG WKH UHVXOWLQJ RYHUSD\PHQW 
http://www.michiganbusiness.org/   )RU  LQIRUPDWLRQ  RQ  WKH 
0%7  FUHGLW   FRQWDFW  WKH  0LFKLJDQ  'HSDUWPHQW  RI  7UHDVXU\            7KH  DGPLQLVWUDWLRQ  RI  WKH  %URZQ¿HOG  5HGHYHORSPHQW  &UHGLW 
&XVWRPHU &RQWDFW 'LYLVLRQ  0%7 8QLW  DW                                   SURJUDP  LV  DVVLJQHG  WR  0(*$   )RU  PRUH  LQIRUPDWLRQ  RQ  WKH 
                                                                          DSSURYDO SURFHVV  FRQWDFW WKH 0('& DW                 
Historic Preservation Credit
                                                                          Film Infrastructure Credit
7KH  +LVWRULF  3UHVHUYDWLRQ  &UHGLW  SURYLGHV  WD[  LQFHQWLYHV  IRU 
KRPHRZQHUV   FRPPHUFLDO  SURSHUW\  RZQHUV   DQG  EXVLQHVVHV               7KLV FUHGLW LV DYDLODEOH WR DQ LQVXUDQFH FRPSDQ\ DV DQ DVVLJQHH 
WR  UHKDELOLWDWH  KLVWRULF  UHVRXUFHV  ORFDWHG  LQ  0LFKLJDQ              RQO\ 
5HKDELOLWDWLRQ SURMHFWV PXVW EH FHUWL¿HG E\ WKH 6WDWH +LVWRULF 
                                                                          $Q  HOLJLEOH  WD[SD\HU  PD\  FODLP  D  FUHGLW  IRU  LQYHVWPHQW  LQ  D 
3UHVHUYDWLRQ 2൶FH  6+32  
                                                                          TXDOL¿HG  ¿OP  DQG  GLJLWDO  PHGLD  LQIUDVWUXFWXUH  SURMHFW  HTXDO 
%HJLQQLQJ -DQXDU\          WKH KLVWRULF SUHVHUYDWLRQ FUHGLW LV            WR      SHUFHQW  RI  WKH  EDVH  LQYHVWPHQW  H[SHQGLWXUHV  IRU  WKH 
DYDLODEOH  WR  WKH  H[WHQW  WKDW  D  WD[SD\HU  KDG  D  3DUW     DSSURYDO  SURMHFW   SURYLGHG  WKH  WD[SD\HU  HQWHUV  LQWR  DQ  DJUHHPHQW  ZLWK 
DSSURYHG  UHKDELOLWDWLRQ  SODQ   DSSURYHG  KLJK  FRPPXQLW\                WKH 0LFKLJDQ )LOP 2൶FH   FRQFXUUHG LQ E\ WKH 6WDWH 7UHDVXUHU  
LPSDFW  UHKDELOLWDWLRQ  SODQ  RU  SUHDSSURYDO  OHWWHU  E\  'HFHPEHU       7KH  FUHGLW  LV  UHGXFHG  E\  WKH  DPRXQW  RI  DQ\  %URZQ¿HOG 
            EXW  KDV  QRW  IXOO\  FODLPHG  WKH  FUHGLW  EHIRUH  -DQXDU\   5HGHYHORSPHQW  &UHGLW  FODLPHG  XQGHU  6HFWLRQ       RI  WKH 
           7KH  FUHGLW  PD\  EH  FODLPHG  DV  HLWKHU  D  UHIXQGDEOH       0%7 $FW IRU WKH VDPH EDVH LQYHVWPHQW  ,I WKH FUHGLW H[FHHGV 
DFFHOHUDWHG  FUHGLW  RQ  WKH Request for Accelerated Payment              WKH WD[SD\HU¶V WD[ OLDELOLW\ IRU WKH WD[ \HDU  WKH H[FHVV PD\ EH 
IRU  WKH  %URZQ¿HOG  5HGHYHORSPHQW  &UHGLW  DQG  WKH  +LVWRULF            FDUULHG IRUZDUG WR R൵VHW WD[ OLDELOLW\ LQ VXEVHTXHQW \HDUV IRU D 
3UHVHUYDWLRQ  &UHGLW   )RUP         RU  D  QRQ UHIXQGDEOH  FUHGLW         PD[LPXP RI WHQ \HDUV  
1RQ UHIXQGDEOH  FUHGLWV  DQG  QRQ UHIXQGDEOH  FDUU\IRUZDUGV  RI 
                                                                          8SRQ  YHUL¿FDWLRQ  WKDW  WKH  WD[SD\HU  KDV  FRPSOLHG  ZLWK  WKH 
WKH FUHGLW DUH FODLPHG KHUH   $ WD[SD\HU PD\ HOHFW WR FODLP D 
                                                                          DJUHHPHQW  WHUPV  DQG  LQYHVWPHQW  H[SHQGLWXUHV  DQG  HOLJLELOLW\ 
FHUWL¿FDWHG  KLVWRULF  SUHVHUYDWLRQ  FUHGLW  LQ  WKH  \HDU  LQ  ZKLFK 
                                                                          DUH  DGHTXDWHO\  PHW   WKH  0LFKLJDQ  )LOP  2൶FH  ZLOO  LVVXH  DQ 
D FUHGLW LV DYDLODEOH DQG ZLOO EH WD[DEOH XQGHU WKH 0%7 XQWLO 
                                                                          ,QYHVWPHQW  ([SHQGLWXUH  &HUWL¿FDWH  VWDWLQJ  WKH  DPRXQW  RI  WKH 
WKH  TXDOLI\LQJ  FUHGLW  DQG  DQ\  FDUU\IRUZDUG  RI  WKH  FUHGLW  DUH 
                                                                          FUHGLW  7KH FHUWL¿FDWH UHFHLYHG PXVW EH DWWDFKHG WR WKH UHWXUQ 
H[WLQJXLVKHG     7KH  FUHGLW  PXVW  ¿UVW  EH  FODLPHG  LQ  WKH  \HDU 
WKDW  WKH  FHUWL¿FDWH  RI  FRPSOHWHG  UHKDELOLWDWLRQ  RI  WKH  KLVWRULF   7KH  FUHGLW  PD\  EH  DVVLJQHG  LQ  WKH  WD[  \HDU  LQ  ZKLFK  WKH 
UHVRXUFH ZDV LVVXHG                                                       ,QYHVWPHQW ([SHQGLWXUH &HUWL¿FDWH LV  UHFHLYHG EXW DQ\ VXFK 
Line 17: &RPSOHWH  )RUP       WR FODLP WKLV  FUHGLW DQG                   DVVLJQPHQW LV LUUHYRFDEOH  )RUP      PXVW EH DWWDFKHG WR WKH 
FDUU\IRUZDUG WKH UHVXOWLQJ RYHUSD\PHQW  LI DQ\                            UHWXUQ RQ ZKLFK WKH FUHGLW LV FODLPHG 
                                                                          $Q  DVVLJQHG  FUHGLW  DPRXQW  PXVW  ¿UVW  EH  FODLPHG  DJDLQVW  WKH 
Line  18a: Recapture from Form 4584, line 2. ,I WKH UHVRXUFH 
                                                                          DVVLJQHH¶V  0%7  OLDELOLW\  GXULQJ  WKH  DVVLJQHH¶V  WD[  \HDU  LQ 
LV  VROG  RU  WKH  FHUWL¿FDWLRQ  RI  FRPSOHWHG  UHKDELOLWDWLRQ  RU 
                                                                          ZKLFK WKH FUHGLW ZDV DVVLJQHG 
SUHDSSURYDO  OHWWHU  LV  UHYRNHG  OHVV  WKDQ  ¿YH  \HDUV  DIWHU  WKH 
KLVWRULF UHVRXUFH LV SODFHG LQ VHUYLFH  D SHUFHQWDJH RI WKH FUHGLW        %HJLQQLQJ  -DQXDU\             WKLV  FUHGLW  LV  DYDLODEOH  DV  D 
PD\ EH VXEMHFW WR UHFDSWXUH                                               FHUWL¿FDWHG  FUHGLW  WR  WKH  H[WHQW  WKDW  WKH  WD[SD\HU  KDV  HQWHUHG 
                                                                          LQWR  DQ  DJUHHPHQW  ZLWK  WKH  0LFKLJDQ  )LOP  2൶FH  ZLWK  WKH 
    SHUFHQW ,I OHVV WKDQ   \HDU                                           FRQFXUUHQFH RI WKH 6WDWH 7UHDVXUHU E\ 'HFHPEHU           EXW 
   SHUFHQW ,I DW OHDVW   \HDU  EXW OHVV WKDQ   \HDUV                      WKH FUHGLW KDV QRW EHHQ IXOO\ FODLPHG RU SDLG SULRU WR -DQXDU\    
   SHUFHQW ,I DW OHDVW   \HDUV  EXW OHVV WKDQ   \HDUV                          
   SHUFHQW ,I DW OHDVW   \HDUV  EXW OHVV WKDQ   \HDUV                     NOTE:  7R  TXDOLI\  IRU  WKH  FUHGLW   D  WD[SD\HU  PXVW  QRW  EH 
   SHUFHQW ,I DW OHDVW   \HDUV  EXW OHVV WKDQ   \HDUV                     GHOLQTXHQW LQ D WD[ RU RWKHU REOLJDWLRQ RZHG WR 0LFKLJDQ QRU EH 
                                                                          RZQHG RU XQGHU FRPPRQ FRQWURO RI DQ HQWLW\ WKDW LV GHOLQTXHQW  
4XHVWLRQV  UHJDUGLQJ IHGHUDO    DQG      6WDWH FHUWL¿FDWLRQ               $ FUHGLW FDQQRW EH FODLPHG IRU DQ\ GLUHFW H[SHQGLWXUH IRU ZKLFK 
PD\ EH     GLUHFWHG          WR 6+32     DW                               D )LOP 3URGXFWLRQ &UHGLW ZDV FODLPHG DJDLQVW HLWKHU DQ 0%7 RU 
)RU DGGLWLRQDO       LQIRUPDWLRQ         JR    RQOLQH     WR              ZLWKKROGLQJ WD[ OLDELOLW\ 
www.michigan.gov/mshda  DQG FOLFN RQ ³3UHVHUYDWLRQ ´
                                                                          )RU  PRUH  LQIRUPDWLRQ   FRQWDFW  WKH  0LFKLJDQ  )LOP 
%URZQ¿HOG 5HGHYHORSPHQW &UHGLW                                            2൶FH  DW                  RU  YLVLW  WKH  :HE  VLWH  DW 
%HJLQQLQJ  -DQXDU\             WKH  EURZQ¿HOG  UHGHYHORSPHQW              ZZZ PLFKLJDQ¿OPR൶FH RUJ 
FUHGLW  PD\  EH  FODLPHG  DV  D  FHUWL¿FDWHG  FUHGLW  LI  D  WD[SD\HU     ,QFOXGH FRPSOHWHG )RUP      DV SDUW RI WKH WD[ UHWXUQ ¿OLQJ 
KDV  D  SUHDSSURYDO  OHWWHU  E\  'HFHPEHU              EXW  KDV  QRW 
IXOO\ FODLPHG WKH FUHGLW E\ -DQXDU\          7KH FUHGLW PD\ 







PDF file checksum: 1099419534

(Plugin #1/9.12/13.0)