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 |
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 |
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