Introduced
by
To double a Michigan Business Tax “entrepreneurial tax credit” from 100 percent of a taxpayer’s MBT liability to 200 percent if the firm is located in a “certified technology park,” which is a “cluster of new and emerging businesses primarily focused on commercializing ideas, patents, and other opportunities surrounding corporate, university or private research institute R&D efforts,” and subsidized by property taxes “captured” by a local tax increment financing authority created for the purpose. The proposed tax credit would be refundable, meaning that the state would write a check to an eligible firm.
Referred to the Committee on Economic Development and Regulatory Reform
