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Michigan Business Tax (MBT)

MBT Home Details MBT Estimator Presentations Forms

Please refer back to this website for updated MBT information. Additional information is also available by navigating through the topical headings shown above.


Highlights

• Special Notice
Unbeknownst to the Michigan Department of Treasury, a software company recently released copies of an early draft version of Michigan Business Tax (MBT) forms. The drafts were provided to the software company for internal use only as it works to develop its software product.

The company is now notifying customers that the forms were not intended for public release and do not reflect either recently enacted legislation or legislation that is pending.

Department of Treasury representatives will not be answering any questions regarding these forms, as they are drafts and should not have been released publicly.

• MBT Estimator Updated
The MBT Estimator has been updated to better reflect the reduction to the MBT investment tax credit (ITC) for any SBT investment tax credit recapture. This change will reduce the possibility that the MBT liability will be overstated due to overstating the SBT ITC recapture.

• MBT Estimated and Annual Return Due Dates PDF icon

• New MBT Frequently Asked Questions Added - August 21, 2008

• MBT "Actively Solicits" Defined PDF icon
Revenue Administrative Bulletin 2007-6

• Michigan Business Tax Act

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The MBT
  A Better Tax for Michigan Business
- Rewards investment in capital, jobs, and R&D
- Reduces reliance on taxing compensation
- Provides small business and personal property tax relief
  The Tax
- Business income taxed at a rate of 4.95%
- Modified gross receipts tax (sales minus purchases from other firms) at a rate of 0.8%
- Banks pay alternate net capital tax (net worth at a rate of 0.235%)
- Insurance tax rate increased from 1.07% to 1.25% (current credits retained)
  Credits for Investing in Michigan
- Investment tax credit for purchase of capital assets
- Compensation credit for jobs created or retained
- Research and development credit

* The MBT retains or expands 15 Single Business Tax (SBT) credits and adds 11 new credits.



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