Revenue Administrative Bulletin 2018-11

List of Certified Education Foundation for Tax Year 2017 – Michigan Business Tax Credit

Approved: May 16, 2018

RAB 2018-11. This bulletin lists the name, address, and telephone number of the education foundation that has been certified by the Michigan Department of Treasury for tax year 2017 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 2017 (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 2017

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 2017.

Rochester Community Schools Foundation

501 West University Drive

Rochester, MI 48307

248-726-3127