Michigan R&D Tax Credit Summary

R&D Tax Credit Available

Yes

Eligible Entities

C-Corporations, S-Corporations, LLCs, Partnerships

Deadline for Tax Filing

Due with Michigan Tax Return

Data Required to Compute Credit

 

Claim Period Qualified R&D Expenses (QREs)

Credit Carryforward

None

R&D Credit Summary

The R&D tax credit equals 1.9% of their Michigan QREs during the tax year.

Special Notes

The R&D credit, along with two other tax credits, cannot exceed 75% of the taxpayer’s tax liability.