Revenue Administrative Bulletin 2017-4

List of Certified Education Foundations for Tax Year 2016 - Michigan Business Tax Credit

Approved: April 5, 2017

RAB 2017-4. 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 2016 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 2016

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 2016.

Rochester Community Schools Foundation

501 West University Drive

Rochester, MI 48307

248-726-3127