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FAQ
  Michigan Business Tax
C22. Is the farmland preservation credit available under the Michigan Business Tax?
 
Answer:
Yes. 2007 PA 174 amends MCL 324.36109(2) to allow the Farmland Preservation credit against the MBT. Under Section 36109, qualifying taxpayers may claim a credit for the amount by which the property taxes on qualifying farmland exceed 3.5% of the business income tax base of the MBT, plus compensation to shareholders not included in the business income tax base, excluding certain listed deductions.

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