MCL 208.1403 provides a credit at the rate of .296% of a taxpayer's compensation in Michigan for the 2008 tax year. For the 2009 tax year and beyond, the rate is increased to .370% of Michigan compensation. The compensation credit cannot exceed 50% of the taxpayer's liability imposed under the MBT for the 2008 tax year. For the 2009 tax year and beyond, the credit cannot exceed 52% of liability.