Scammers are contacting taxpayers while pretending to be from the Michigan Department of Treasury, using out‑of‑state phone numbers. They may request payments or attempt to trick you into providing your bank account information. Always verify the source before sharing any personal or financial details.
Base Amount Transition Example: Expense Year 2026, July to June Fiscal Year
Base Amount Transition Example: Expense Year 2026, July to June Fiscal Year
Expense Year 2026, July to June Fiscal Year
An eligible Corporate Income Tax (CIT) filer claiming the Research and Development (R&D) Tax Credit has a fiscal year of July 1–June 30. The base amount calculation for expense year 2026 includes:
- 50% of MQREs from fiscal year ending 2023, applied to calendar year 2023 (as 6 months took place in calendar year 2023)
- 50% of MQREs from fiscal year ending 2024, applied to calendar year 2023 (as 6 months took place in calendar year 2023)
- 50% of MQREs from fiscal year ending 2024, applied to calendar year 2024 (as 6 months took place in calendar year 2024)
- 50% of MQREs from fiscal year ending 2025, applied to calendar year 2024 (as 6 months took place in calendar year 2024)
- 100% of MQREs from calendar year 2025, applied to calendar year 2025