No. Although many of the MEGA credits available under the SBT - such as those
under MCL 208.37c(1), 208.38g(20)(a)(i), and 208.38g(20)(b)(i) - are also
available under the MBT, the MBT also expands the available MEGA credits. For
example, the SBT MEGA credit offered under MCL 208.37c(1) was limited to the
payroll of the authorized business attributable to employees who perform
qualified new jobs multiplied by the IIT tax rate. Under the MBT, the credit
limit is expanded to both payroll and health care benefits. MCL 208.1431(1)(a)
(effective April 28, 2008). In addition, the MBT offers new MEGA credits to
certain qualified high-technology businesses and businesses that would not have
qualified for any MEGA credits under the SBT but meet alternative criteria set
forth under section 8(9) and 8(11) of the MEGA Act (MCL 207.808). However, the
MEGA Business Activity Credit available under the SBT is no longer available
under the MBT.
Whether a taxpayer is eligible or authorized to claim a MEGA credit under the
MBT is determined by the MEGA Act. This was also true under the SBT.
For further details on the MEGA credits available to taxpayers, please see MCL
208.1431.
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