Tax credit; gross receipts greater than $350,000.00 but less than $700,000.00.
MCL 208.1411
in effect208.1411. Tax credit; gross receipts greater than $350,000.00 but less than $700,000.00.
Sec. 411.
A taxpayer whose gross receipts allocated or apportioned to this state are greater than $350,000.00 but less than $700,000.00, may claim a credit against the tax imposed under this act equal to the tax liability after the credit under section 417 multiplied by a fraction the numerator of which is the difference between the person's allocated or apportioned gross receipts and $700,000.00 and the denominator of which is $350,000.00.
2007, Act 36, Eff. Jan. 1, 2008
[Compiler] Enacting section 1 of Act 36 of 2007 provides:
[Compiler] "Enacting section 1. This act takes effect January 1, 2008 and applies to all business activity occurring after December 31, 2007."
[PopularName] MBT
[Provisional] ***** 208.1411 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 *****
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-208-1411Fetched: 10/20/2026