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Revenue Administrative Bulletin 1994-10Approved: July 13, 1994 AVAILABILITY OF COMMUNITY FOUNDATION TAX CREDIT FOR TAX YEAR 1994 AND LIST OF CERTIFIED COMMUNITY FOUNDATIONS FOR TAX YEAR 1994 - SINGLE BUSINESS TAX CREDIT AND INCOME TAX CREDIT
RAB 94-10. This bulletin announces the availability of the community foundation tax credit for tax year 1994. In addition, this bulletin lists the names, addresses and phone numbers of the community foundations that have been certified by the Treasury Department for tax year 1994 in accordance with section 38c of the Single Business Tax Act and section 261 of the Income Tax Act, as last amended by Public Act 170 of 1991 and Public Act 171 of 1991.
Availability of Tax Credit
The community foundation tax credit statute states that the credit does not apply in a tax year for which the aggregate amount of the credit claimed by all taxpayers for all prior tax years exceeds $6 million.
The Treasury Department has determined that the $6 million cap has not been exceeded in prior tax years. Accordingly, the tax credit will be available in tax year 1994.
Certified Community Foundations for Tax Year 1994
Contributions to a certified community foundation may be eligible for the tax credit described in Revenue Administrative Bulletin 1992-2.
Listed below are the community foundations that have been certified by the Treasury Department for tax year 1994. No other applications for certification will be accepted for tax year 1994.
Albion Civic Foundation
Battle Creek Community Foundation
Bay Area Community Foundation
Berrien Community Foundation, Inc.
Branch County Community Foundation
Cadillac Area Community Foundation
Capital Region Community Foundation
Charlevoix County Community Foundation
Community Foundation for Delta County, Michigan
Community Foundation for Northeast Michigan
Community Foundation for Southeastern Michigan
Community Foundation of Greater Flint
Community Foundation of Monroe County
Community Foundation of St. Clair County
Four County Foundation
Fremont Area Foundation
Grand Haven Area Community Foundation, Inc.
Grand Rapids Foundation
Grand Traverse Regional Community Foundation
Gratiot County Community Foundation
Greater Frankenmuth Area Community Foundation
Greater Rochester Area Community Foundation
Greenville Area Foundation
Hillsdale County Community Foundation
Holland Community Foundation
Jackson Community Foundation
Leelanau Township Foundation, Inc.
Ludington Area Foundation
Manistee County Foundation, Inc.
Marquette Community Foundation
Marshall Community Foundation
Mount Pleasant Area Community Foundation, Inc.
Muskegon County Community Foundation
Petoskey-Harbor Springs Area Community Foundation
Saginaw Community Foundation
Three Rivers Area Foundation, Inc.
Zeeland Community Foundation, Inc.
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