Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Research and Development (R&D) Tax Credit
What is the R&D Tax Credit?
The Research and Development (R&D) Tax Credit is available to eligible businesses with Michigan Qualified R&D Expenses (MQREs) greater than their base amount during the calendar year being claimed.
The credit applies to tax years beginning on or after January 1, 2025.