Revenue Administrative Bulletin 2016-9

List of Certified Education Foundation for Tax Year 2015 - Michigan Business Tax Credit

Approved: April 8, 2016

RAB 2016-9.  This bulletin lists the names, addresses, and telephone numbers of education foundations that have been certified by the Michigan Department of Treasury for tax year 2015 in accordance with Section 1425, of the Michigan Business Tax Act (MBTA). Qualifying business taxpayers who elect to file returns under the MBTA for tax year 2015 (MCL 208.1500) instead of under the Income Tax Act are eligible to take a credit for contributions made to endowment funds held by the education foundation listed here.

Certified Education Foundation for Tax Year 2015

A taxpayer that makes a contribution to a certified education foundation may claim a credit against the MBT liability equal to 50 percent of the taxpayer’s contribution, $5,000.00, or 5 percent of the tax liability, whichever is less. This is a non-refundable credit. Listed below is the education foundation that was certified by the Michigan Department of Treasury for tax year 2015.

Rochester Community Schools Foundation

501 West University Drive

Rochester, MI 48307

(248) 726-3127