Taxes - Michigan Business Tax

Michigan.gov, Official Portal for the State of Michigan

Michigan.gov Home	Taxes Home \| FAQ \| Site Map \| Contact Treasury \| Forms \| Online Services

Printer Friendly Text Only Version

Text Version

Email Page

Michigan Business Tax (MBT)

Please refer back to this website for updated MBT information. Additional information is also available by navigating through the topical headings shown above.

Highlights

• MBT Frequently Asked Question Added August 26, 2009

• Web-Based Tool for Completing Form 4585
Currently available for single filers only.

• There is no MBT form comparable to SBT Form C-8030.
It is not necessary to file a notice to the department that a return will not be filed.

• MBT Forms Webcast Presentations

• FINAL FORMS NOW AVAILABLE

• Michigan Business One Stop
A fast, easy and secure way to register a business for taxes in the State of Michigan. It also allows you to perform a variety of tasks to start and operate a business, including applying for permits and licenses.

• Certification for Michigan Education Foundation Michigan Business Tax Credit

The MBT

Credits for Investing in Michigan
-	Investment tax credit for purchase of capital assets
-	Compensation credit for jobs created or retained
-	Research and development credit

* The MBT retains or expands 15 Single Business Tax (SBT) credits and adds 11 new credits.

A Better Tax for Michigan Business
-	Rewards investment in capital, jobs, and R&D
-	Reduces reliance on taxing compensation
-	Provides small business and personal property tax relief

The Tax
-	Business income taxed at a rate of 4.95%
-	Modified gross receipts tax (sales minus purchases from other firms) at a rate of 0.8%
-	Banks pay alternate net capital tax (net worth at a rate of 0.235%)
-	Insurance tax rate increased from 1.07% to 1.25% (current credits retained)