- 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

• Web-Based Tool for Completing Form 4585
Currently available for single filers only.

• There is no MBT form comparable to SBT Form C-8030.
It is not necessary to file a notice to the department that a return will not be filed.

• MBT Forms Webcast Presentations

• FINAL FORMS NOW AVAILABLE

• Michigan Business One Stop
A fast, easy and secure way to register a business for taxes in the State of Michigan. It also allows you to perform a variety of tasks to start and operate a business, including applying for permits and licenses.

• Certification for Michigan Education Foundation Michigan Business Tax Credit

• Frequently Asked Question Regarding MBT e-file Added April 16, 2009

The MBT

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.

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)