As of January 13, 2025, state-level R&D tax credits are officially returning to Michigan. Under House Bills 4368 and 5099-5101, certain flow-through entities and entities subject to corporate income taxes can claim a credit on their IRC 41 qualified research expenditures (“QRE’s”) incurred in Michigan. This credit can be used to reduce the taxpayer’s liability,... The post Michigan R&D Tax Credits appeared first on Exactera.
