Michigan Department of Treasury
Michigan
Business Tax (MBT) FAQ's
New! Applications
for these tasks are submitted and paid for online through the Michigan Business One Stop portal.
A. NAME OF PERMIT OR APPROVAL:
Michigan
Business Tax
The Michigan Business Tax (MBT) Act imposes a 4.95 percent business income
tax and a modified gross receipts tax at a rate of 0.8 percent, except that
insurance companies and financial institutions pay special taxes. The MBT act
replaces the Single Business Tax (SBT) effective January 1, 2008.
B. STATUTORY AUTHORITY:
Public Act 36
of 2007 - Michigan Business Tax
C. APPLICABLE REGULATION:
Michigan
Administrative Code, Rules administered by the Department of Treasury
State Tax Commission General Rules (R 209.1 - 209.75)
D. SUMMARY OF PERMIT/APPROVAL PROCESS:
1.
Applicability (activities that require the permit)
Register for Michigan
Business Tax if you:
· Have
adjusted gross receipts greater than $350,000 (with the exception of insurance
companies and financial institutions).
· Accounts
registering for MBT with a start date prior to January 1, 2008 will be
registered for SBT through December 31, 2007 and MBT starting January 1, 2008.
2.
Pre-Application Requirements
· Obtain
a Federal Employer Identifcation Number (FEIN)
· Obtain
Special Licenses
3.
Application Submission Requirements
4.
Procedures and Time-Frame for Obtaining Permit or Approval
Complete the registration process at least six weeks, but not more than six
months, before you intend to start your business to allow your registration to
be processed.
5.
Operational Requirements
6.
Fees
None
7.
Appeal Process
8.
Public Input Opportunities
Contact Information:
Contact
Us
Creation/Revision Date:
September 15, 2010
