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Preliminary information for the Wholesale Marihuana Tax is now available.
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Marihuana Retailers Excise (MRE) Tax
Homeowner's Principal Residence Exemption
Property Tax Forfeiture and Foreclosure
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An eligible business with fewer than 250 employees is claiming the Research and Development (R&D) Tax Credit and needs to calculate its unadjusted credit for the current expense year.
Standard credit = (3% × $100,000) + (15% × ($2,000,000 − $100,000))
= $3,000 + (15% × $1,900,000)
= $3,000 + $285,000
= $288,000
Maximum standard credit for small employers: $250,000
Michigan research university credit = N/A
Unadjusted credit = $250,000