MichiganAdvantage.org

Incentives and Taxes

Michigan Business Tax

The Details

The Michigan Business Tax (MBT) taxes apportioned business income at 4.95% and apportioned gross receipts (minus purchases from other firms) at 0.8%. A surcharge of 21.99% is applied to the income tax and gross receipts tax prior to credits. The MBT is apportioned to Michigan on a single sales factor. Companies are required to file as a unitary group.

The Credits

The MBT provides credits for small business, entrepreneurs and others, while crediting expenditures on:

  • capital investment
  • research & development
  • compensation
  • industrial personal property taxes
  • myriad of other expenditures

For more information on the MBT:

 

Related News & Michigan Successes
view all recent news|view all recent successes
Floor Care Product Supplier Expanding, Opening Innovation Center

Bissell, Inc. plans to invest approximately $9 million in an expansion and the opening of an innovation center at its facility in Walker.

GM to Build New Plant in Flint as Part of $838 Million Expansion
State incentives have been approved to encourage General Motors to develop and produce the new Chevrolet Volt in Michigan along with additional advanced energy and conventional fuel vehicles and components.
Ohio Cookie and Cracker Maker Relocating to Tecumseh

Ohio-based Consolidated Biscuit Company (CBC)will invest $12 million in a new manufacturing center in Tecumseh, taking over the vacant Tecumseh Products plant.

Three Communities Benefit from Home Furniture Manufacturer's Expansion

Leggett & Platt d/b/a Genesis Seating plans to invest $9.1 million to expand operations in West Michigan.

ForeSee Results to invest approximately $6.6 million; create up to 638 Michigan jobs, 275 directly by the company.
Company expanding operations in Michigan as well as locating its new North American headquarters in Southeast Michigan over competing sites on the east and west coasts.