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Michigan Department of Treasury Attachment 06
4571 (Rev. 04-21), Page 1 of 2
2021 MICHIGAN Business Tax Common Credits for Small Businesses
Issued under authority of Public Act 36 of 2007.
Taxpayer Name )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU )(,1 RU 75 1XPEHU
The Small Business Alternative Credit is NOT available if any The Small Business Alternative Credit must be reduced
of the following conditions exist: if any of the following conditions exist:
• Gross receipts exceed $20,000,000. • $Q\ LQGLYLGXDO VKDUHKROGHU RU RI¿FHU KDV DOORFDWHG
• $GMXVWHG EXVLQHVV LQFRPH DIWHU ORVV DGMXVWPHQW H[FHHGV LQFRPH DIWHU ORVV DGMXVWPHQW RI RYHU EXW QRW
$1,544,400. over $180,000, or any partner has distributive share of
• $Q\ LQGLYLGXDO VKDUHKROGHU RU RI¿FHU KDV DOORFDWHG LQFRPH LQFRPH DIWHU ORVV DGMXVWPHQW RI RYHU EXW QRW RYHU
DIWHU ORVV DGMXVWPHQW RI RYHU RU DQ\ SDUWQHU KDV $180,000, as determined on Forms 4577 or 4578.
GLVWULEXWLYH VKDUH RI LQFRPH DIWHU ORVV DGMXVWPHQW RI RYHU • Gross receipts exceed $19,000,000 but are not more
$180,000, as determined on Form 4577 or 4578. than $20,000,000.
• &RPSHQVDWLRQ DQG GLUHFWRU IHHV RI D VKDUHKROGHU RU RႈFHU RI
a C Corporation exceed $180,000.
7D[SD\HUV FODLPLQJ WKH VPDOO EXVLQHVV DOWHUQDWLYH FUHGLW RWKHU WKDQ LQGLYLGXDOV DQG ¿GXFLDULHV ¿OLQJ DV LQGLYLGXDOV 0867 FRPSOHWH DQG
include Form 4577 or 4578, as applicable.
1. Tax liability prior to this credit from Form 4568, line 6 ........................................................................................... 1. 00
PART 1: SMALL BUSINESS ALTERNATIVE CREDIT
If not claiming a Small Business Alternative Credit, skip to Part 2.
Adjusted Business Income
2. Business Income from Form 4567, line 28 (see instructions)................................................................................ 2. 00
3. Gross capital loss utilized on federal return (see instructions) .............................................................................. 3. 00
4. Federal net operating loss carryover or carryback from Form 4567, line 32 ......................................................... 4. 00
5. Add lines 2, 3, and 4 ............................................................................................................................................. 5. 00
6. Compensation and director fees of active shareholders from Form 4577, line 3 ................................................. 6. 00
7. &RPSHQVDWLRQ DQG GLUHFWRU IHHV RI RI¿FHUV IURP )RUP OLQH ..................................................................... 7. 00
8. $GMXVWHG %XVLQHVV ,QFRPH $GG OLQHV DQG ................................................................................................... 8. 00
Small Business Alternative Credit Calculation
9. Small Business Alternative Tax. Multiply line 8 by 1.8% (0.018). If less than zero, enter zero ............................ 9. 00
10. Small Business Alternative Credit. Subtract line 9 from line 1. If less than zero, enter zero ......................... 10. 00
11. Allocated income/distributive share of income used for reduction (see instructions) .. 11. 00
12. Reduction percentage from Reduced Credit Table on page 2 (based on amount from line 11) .......................... 12. %
13. Reduced Credit. Multiply line 12 by line 10. If gross receipts from Form 4567, line 12, are less than or equal
to $19,000,000, carry amount to Form 4568, line 7 (see instructions) .................................................................. 13. 00
14. Tax After Small Business Alternative Credit. Subtract line 13 from line 1 ............................................................. 14. 00
Reduction Based on Gross Receipts
Complete this section if gross receipts are more than $19,000,000 but not more than $20,000,000.
15. Gross receipts from Form 4567, line 12 (see instructions) .................................................................................... 15. 00
16. Excess gross receipts. Subtract $19,000,000 from line 15 .................................................................................. 16. 00
17. Excess percentage. Divide line 16 by $1,000,000, and enter as a percentage .................................................... 17. %
18. Allowable percentage. Subtract line 17 from 100% ............................................................................................... 18. %
19. Small Business Alternative Credit. Multiply percentage on line 18 by the credit on line 13.
Carry amount to Form 4568, line 7 ........................................................................................................................ 19. 00
20. Tax After Small Business Alternative Credit. Subtract line 19 from line 1 ............................................................. 20. 00
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