Taxes - Michigan Business Tax

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Michigan Business Tax (MBT)

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

Highlights

• MBT Draft Forms Now Available

• Coming Soon! Businesses will soon be able to view their Michigan Business Tax (MBT) account information at our Business Self Service web site.

• MBT Nexus Standard - RAB 2008-4 PDF icon

• MBT Estimated and Annual Return Due Dates PDF icon

• New MBT Frequently Asked Questions Added - November 17, 2008

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.