Credits 7. How does a taxpayer with a certificated film production or film infrastructure credit issued before December 31, 2011, claim the credit for tax years beginning after January 1, 2012?

In order to claim a certificated film production or film infrastructure credit issued before December 31, 2011, a taxpayer must make an election to continue filing under the MBT "for the taxpayer's first tax year ending after December 31, 2011." MCL 208.1500. The taxpayer makes the election by filing an MBT return. Once the election is made, the taxpayer is required to continue to file and pay tax under the MBT until the certificated credit and carryforward of that credit are used up. MCL 208.1500(1).