Revenue Administrative Bulletin 2022-13

List of Certified Community Foundations for Tax Year 2022 Michigan Business Tax Credit

Approved: September 6, 2022

RAB 2022-13.  This bulletin lists the names, addresses and phone numbers of the community foundations that have been certified by the Department of Treasury for tax year 2022 in accordance with Section 425 of the Michigan Business Tax Act (MBTA), MCL 208.1425. Qualifying business taxpayers that elect to file returns under the MBTA for tax year 2022 are eligible to take a credit for contributions made to endowment funds held by community foundations certified by the Department of Treasury. The individual income tax credit formerly available to taxpayers who made contributions to endowment funds held by certified community foundations is no longer available; it was repealed by 2011 PA 38.

A taxpayer that contributes to a certified community foundation may claim a credit against the MBT liability equal to 50 percent of the taxpayer’s contribution, up to $5,000.00 or 5 percent of the tax liability, whichever is less. This is a non-refundable credit.

The Department of Treasury has certified the following the Community Foundations for tax year 2022:

Barry Community Foundation
231 South Broadway
Hastings, MI 49058
269-945-0526

Community Foundation of Marquette County
228 West Washington Street Suite 6
Marquette, MI 49855
(906) 226-7666
geographic affiliate funds: Greater Ishpeming Area Community Fund, Negaunee Community Fund, Gwinn Area Community Fund & Community Advised Fund of Big Bay

Community Foundation of the Holland/Zeeland Area
85 East Street Suite 110
Holland, MI 49423
616-396-6590

Otsego Community Foundation
316 West Main Street
Gaylord, Michigan 49735
989-731-0597