Emergency-related state tax relief available for taxpayers located in two counties of Michigan impacted by severe weather.
Unadjusted Credit Example: 250 or More Employees, MQREs Do Not Exceed Base Amount
Unadjusted Credit Example: 250 or More Employees, MQREs Do Not Exceed Base Amount
A business with more than 250 employees is calculating its unadjusted credit for the Research and Development (R&D) Tax Credit for the current expense year.
Inputs
- Base amount: $1,000,000
- Expense year MQREs: $22,000,000
- Michigan research university MQREs: $0
Outcome
MQREs do not exceed the base amount. The business is not eligible for the credit.
Unadjusted credit = $0