Michigan Laws 207.809 – Eligibility for credits; issuance of certificate
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Terms Used In Michigan Laws 207.809
- Authority: means the Michigan economic growth authority created under section 4. See Michigan Laws 207.803
- Authorized business: means 1 of the following:
(i) A single eligible business with a unique federal employer identification number that has met the requirements of section 8 and with which the authority has entered into a written agreement for a tax credit under section 9. See Michigan Laws 207.803Business: means proprietorship, joint venture, partnership, limited liability partnership, trust, business trust, syndicate, association, joint stock company, corporation, cooperative, limited liability company, or any other organization. See Michigan Laws 207.803 Eligible business: means a distressed business or business that proposes to maintain retained jobs after December 31, 1999 or to create qualified new jobs in this state after April 18, 1995 in manufacturing, mining, research and development, wholesale and trade, film and digital media production, or office operations or a business that is a qualified high-technology business or a business that is a tourism attraction facility or a qualified lodging facility. See Michigan Laws 207.803
(1) An authorized business is eligible for the credits provided in sections 37c, 37d, and 38g(19) to (24) of the single business tax act, 1975 PA 228, MCL 208.37c, 208.37d, and 208.38g, and section 407 and 431 of the Michigan business tax act, 2007 PA 36, MCL 208.1407 and 208.1431.
(2) The authority shall issue a certificate each year to an authorized business that states the following:
(a) That the eligible business is an authorized business.
(b) The amount of the tax credit for the designated tax year.
(c) The taxpayer’s federal employer identification number or the Michigan treasury number assigned to the taxpayer.