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Michigan Free Printable 4568, Michigan Business Tax Nonrefundable Credits Summary for 2022 Michigan Nonrefundable Credits Summary

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Nonrefundable Credits Summary
4568, Michigan Business Tax Nonrefundable Credits Summary

Attachment 02 Michigan Department of Treasury 4568 (Rev. 04-21), Page 1 of 2 2021 MICHIGAN Business Tax Nonrefundable Credits Summary Issued under authority of Public Act 36 of 2007. Taxpayer Name 1. Tax before all credits from Form 4567, line 53, or Form 4590, line 26 ....................................................... 1. 00 2. There is no amount to be entered on this line. Skip to line 3...................................................................... 2. X X X X X X X X X X X 00 4. a. Compensation and Investment Tax Credits from Form 4570, line 26.................................................... 4a. 00 b. If Form 4570, line 20, is negative, enter here as a negative number. Otherwise, leave blank .............. 4b. 00 5. Research and Development Credit from Form 4570, line 33 ..................................................................... 5. 00 7. Small Business Alternative Credit from Form 4571, line 13 or 19, whichever applies................................ 7. 00 8. Gross Receipts Filing Threshold Credit from Form 4571, line 27............................................................... 8. 00 10. Community and Education Foundations Credit from Form 4572, line 5 ..................................................... 10. 00 11. +RPHOHVV6KHOWHU)RRG%DQN&UHGLWIURP)RUPOLQH ..................................................................... 11. 00 13. This credit is no longer available. Leave this line blank and skip to line 15 ............................................... 13. X X X X X X X X X X X 00 14. This credit is no longer available. Leave this line blank and skip to line 15 ............................................... 14. X X X X X X X X X X X 00 15. Start-up Business Credit from Form 4573, line 9. If less than zero, enter as a negative number ............. 15. 00 17. Public Contribution Credit from Form 4572, line 14.................................................................................... 17. 00 18. Arts and Culture Credit from Form 4572, line 19 ........................................................................................ 18. 00 20. Next Energy Business Activity Credit from Form 4573, line 12 .................................................................. 20. 00 21. Renaissance Zone Credit from Form 4573, line 14 .................................................................................... 21. 00 22. +LVWRULF3UHVHUYDWLRQ&UHGLW1HWRI5HFDSWXUHIURP)RUPOLQHE .................................................. 22. 00 23. /RZ*UDGH+HPDWLWH&UHGLWIURP)RUPOLQH................................................................................. 23. 00 24. New Motor Vehicle Dealer Inventory Credit from Form 4573, line 27 ........................................................ 24. 00 3. Tax After SBT credit carryforwards. Enter amount from line 1. If less than zero, enter zero .................................................................. 6. Tax After Research and Development Credit. Subtract lines 4a, 4b and 5 from line 3 (see instructions) ....................................................... 9. Tax After Gross Receipts Filing Threshold Credit. Subtract lines 7 and 8 from line 6 (see instructions) .............................................................. 12. 7D[$IWHU+RPHOHVV6KHOWHU)RRG%DQN&UHGLW6XEWUDFWOLQHVDQG 11 from line 9. If less than zero, enter zero ........................................... 16. Tax After Start-up Business Credit. Subtract lines 13 and 15 from line 12. If less than zero, enter zero ............................................................. 19. Tax After Arts and Culture Credit. Subtract lines 17 and 18 from line 16 (see instructions) .............................................................................. + )HGHUDO(PSOR\HU,GHQWL¿FDWLRQ1XPEHU )(,1 RU751XPEHU 0000 2021 15 01 27 5 3. 6. 9. 12. 16. 19. 00 00 00 00 00 00 Continue on Page 2 2021 Form 4568, Page 2 of 2 25. Large Food Retailer Credit from Form 4573, line 31 .................................................................................. 25. 00 26. Mid-size Food Retailer Credit from Form 4573, line 35 .............................................................................. 26. 00 27. Bottle Deposit Administration Credit from Form 4573, line 39 .................................................................... 27. 00 28. MEGA Federal Contract Credit from Form 4573, line 41............................................................................ 28. 00 29. Individual or Family Development Account Credit from Form 4573, line 47 ............................................... 29. 00 30. Bonus Depreciation Credit from Form 4573, line 51 .................................................................................. 30. 00 31. International Auto Show Credit from Form 4573, line 54 ............................................................................ 31. 00 32. %URZQ¿HOG5HGHYHORSPHQW&UHGLWIURP)RUPOLQH ....................................................................... 32. 00 33. Private Equity Fund Credit from Form 4573, line 61 .................................................................................. 33. 00 34. Film Job Training Credit from Form 4573, line 66 ...................................................................................... 34. 00 35. Film Infrastructure Credit from Form 4573, line 72 ..................................................................................... 35. 00 36. MEGA Plug-In Traction Battery Manufacturing Credit from Form 4573, line 75 ......................................... 36. 00 37. Anchor Company Payroll Credit from Form 4573, line 77 .......................................................................... 37. 00 38. Anchor Company Taxable Value Credit from Form 4573, line 79............................................................... 38. 00 39. MEGA Poly-Silicon Energy Cost Credit and Miscellaneous MEGA Battery Credits from Form 4573, line 81 ......................................................................................................................................................... 39. 00 40. Total Nonrefundable Credits. Add lines 4a, 4b, 5, 7, 8, 10, 11, 15, 17, 18, and 20 through 39. Enter total here and carry total to Form 4567, line 54, or Form 4590, line 27 ............................................................. 40. 00 41. Tax After Nonrefundable Credits. Subtract line 40 from line 1. If less than zero, enter zero. (This line must be equal to Form 4567, line 55, or Form 4590, line 28.) .......................................................................... + FEIN or TR Number 0000 2021 15 02 27 3 41. 00 Instructions for Form 4568 Michigan Business Tax (MBT) Nonrefundable Credits Summary Purpose Line-by-Line Instructions 7KH SXUSRVH RI WKLV IRUP LV WR GHWHUPLQH D WD[SD\HU¶V WD[ OLDELOLW\DIWHUDSSOLFDWLRQRIQRQUHIXQGDEOHWD[FUHGLWV Lines not listed are explained on the form. )RUP  LV LQWHQGHG WR VXPPDUL]H DOO DSSOLFDEOH QRQUHIXQGDEOH FUHGLWV 6SHFL¿F HOLJLELOLW\ FULWHULD LQFOXGLQJ YDU\LQJ FUHGLW FDUU\IRUZDUG OLIH VSDQV DSSO\ WR HDFK RI WKH QRQUHIXQGDEOH FUHGLWV )RU PRUH GHWDLOV DERXW HDFK RI WKH FUHGLWVUHIHUWRWKH0%7$FWRUWKHLQVWUXFWLRQVIRUWKHVSHFL¿F IRUPVUHIHUHQFHGRQWKLVIRUP NOTE:%HJLQQLQJ-DQXDU\RQO\WKRVHWD[SD\HUVZLWK DFHUWL¿FDWHGFUHGLWZKLFKLVDZDUGHGEXWQRW\HWIXOO\FODLPHG RUXWLOL]HGPD\HOHFWWREH0%7WD[SD\HUV NOTE: 7KLV IRUP PD\ EH XVHG E\ ERWK VWDQGDUG WD[SD\HUV DQG ¿QDQFLDO LQVWLWXWLRQV ,QVXUDQFH FRPSDQLHV XVH WKH Miscellaneous Credits for Insurance Companies )RUP WR FODLPFUHGLWVIRUZKLFKWKH\PD\EHHOLJLEOH2IWKHFUHGLWVOLVWHG RQWKLVIRUP¿QDQFLDOLQVWLWXWLRQVPD\RQO\FODLPWKHIROORZLQJ • • • • • • • 6LQJOH%XVLQHVV7D[ 6%7 &UHGLW&DUU\IRUZDUGV &RPSHQVDWLRQ&UHGLW 5HQDLVVDQFH=RQH&UHGLW +LVWRULF3UHVHUYDWLRQ&UHGLW ,QGLYLGXDORU)DPLO\'HYHORSPHQW$FFRXQW&UHGLW %URZQ¿HOG5HGHYHORSPHQW&UHGLW )LOP,QIUDVWUXFWXUH&UHGLW 7KHJRDORIDUUDQJLQJFUHGLWVLQWKLVIDVKLRQLVWRPLQLPL]HWKH QHHGIRUWD[SD\HUVWRJRWKURXJKDOOWKHDYDLODEOHIRUPVEHIRUH GHFLGLQJ ZKLFK RQHV PD\ EH DSSOLFDEOH WR WKHP 8QGHU WKH SUHVHQW DUUDQJHPHQW WD[SD\HUV DUH DEOH WR LGHQWLI\ WKH IRUPV SHUWDLQLQJ WR WKHP DQG H൶FLHQWO\ SUHSDUH WKH WD[ UHWXUQ 7D[SD\HUVVKRXOGFODLPDOOFUHGLWVIRUZKLFKWKH\DUHHOLJLEOH Name and Account Number: (QWHUQDPHDQGDFFRXQWQXPEHU DV UHSRUWHG RQ SDJH  RI WKH DSSOLFDEOH 0%7 DQQXDO UHWXUQ HLWKHU WKH MBT Annual Return )RUP   IRU VWDQGDUG WD[SD\HUVRUWKHMBT Annual Return for Financial Institutions )RUP  Line 6: $OWKRXJK PRVW RI WKH HQWULHV RQ WKLV IRUP DUH FUHGLWV WKDWFDXVHWD[OLDELOLW\WRGHFUHDVHLIWKHUHLVDQHQWU\RQOLQH EVXEWUDFWLQJWKDWQHJDWLYHQXPEHUZLOOFDXVHWD[OLDELOLW\WR LQFUHDVH 7KHWRWDOFUHDWHGE\WKHFDOFXODWLRQVLQWKLVOLQHFDQQRWEHOHVV WKDQ ]HUR $ WRWDO RI OHVV WKDQ ]HUR LV RQO\ SRVVLEOH WKURXJK D FDOFXODWLRQHUURURUDQLQFRUUHFWOLQHHQWU\ Line 9:7KHWRWDOFUHDWHGE\WKHFDOFXODWLRQVLQWKLVOLQHFDQQRW EH OHVV WKDQ ]HUR $ WRWDO RI OHVV WKDQ ]HUR LV RQO\ SRVVLEOH WKURXJKDFDOFXODWLRQHUURURUDQLQFRUUHFWOLQHHQWU\ Line 16:$OWKRXJKPRVWRIWKHHQWULHVRQWKLVIRUPDUHFUHGLWV WKDWFDXVHWD[OLDELOLW\WRGHFUHDVHLIWKHUHLVDQHJDWLYHHQWU\ RQ OLQH  VXEWUDFWLQJ WKDW QHJDWLYH QXPEHU ZLOO FDXVH WD[ OLDELOLW\WRLQFUHDVH Line 19: 7KH WRWDO FUHDWHG E\ WKH FDOFXODWLRQV LQ WKLV OLQH FDQQRW EH OHVV WKDQ ]HUR $ WRWDO RI OHVV WKDQ ]HUR LV RQO\ SRVVLEOHWKURXJKDFDOFXODWLRQHUURURUDQLQFRUUHFWOLQHHQWU\ ,QFOXGHFRPSOHWHG)RUPDVSDUWRIWKHWD[UHWXUQ¿OLQJ Special Instructions for Unitary Business Groups &UHGLWVDUHHDUQHGDQGFDOFXODWHGRQHLWKHUDQHQWLW\VSHFL¿FRU JURXSEDVLVDVGHWHUPLQHGE\WKHUHOHYDQWVWDWXWRU\SURYLVLRQV IRU WKH UHVSHFWLYH FUHGLWV ,QWHUFRPSDQ\ WUDQVDFWLRQV DUH QRW HOLPLQDWHGIRUWKHFDOFXODWLRQRIDQ\FUHGLWV&UHGLWVHDUQHGRU FDOFXODWHGRQHLWKHUDQHQWLW\VSHFL¿FRUJURXSEDVLVE\8QLWDU\ %XVLQHVV*URXS 8%* PHPEHUVDUHJHQHUDOO\DSSOLHGDJDLQVW WKH WD[ OLDELOLW\ RI WKH 8%* XQOHVV RWKHUZLVH VSHFL¿HG E\ VWDWXWH (QWLW\VSHFL¿FSURYLVLRQVDUHDSSOLHGRQDPHPEHUE\PHPEHU EDVLVDQGDUHDGGUHVVHGLQWKHOLQHE\OLQHLQVWUXFWLRQVRIHDFK IRUP ,Q QRQH RI WKHVH FDVHV GRHV D WD[SD\HU WKDW LV D 8%* WDNH WKH HQWLW\ W\SH RI LWV SDUHQW 'HVLJQDWHG 0HPEHU '0  RU DQ\ RWKHU PHPEHU RI WKH 8%* $ 8%* WD[SD\HU ZLOO QRW EH DWWULEXWHG DQ HQWLW\ W\SH EDVHG RQ WKH FRPSRVLWLRQ RI LWV PHPEHUV &RPSOHWHRQH)RUPIRUWKHJURXS )XUWKHU8%*LQVWUXFWLRQVDUHSURYLGHGRQWKHIRUPVZKHUHWKH FUHGLWVDUHFDOFXODWHG 
Extracted from PDF file 2021-michigan-form-4568.pdf, last modified January 2022

More about the Michigan Form 4568 Corporate Income Tax Tax Credit TY 2021

We last updated the Nonrefundable Credits Summary in March 2022, so this is the latest version of Form 4568, fully updated for tax year 2021. You can download or print current or past-year PDFs of Form 4568 directly from TaxFormFinder. You can print other Michigan tax forms here.

Other Michigan Corporate Income Tax Forms:

TaxFormFinder has an additional 97 Michigan income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form MI W-4P Withholding Certificate for Michigan Pension or Annuity Payments
Form 4891 CIT Annual Return
Form 4884 Worksheet Form 4884 Section D Worksheet
Form 4763 E-file Authorization for Business Taxes MI-8879 (OBSOLETE)
Form 4567 Business Tax Annual Return

Download all MI tax forms View all 98 Michigan Income Tax Forms


Form Sources:

Michigan usually releases forms for the current tax year between January and April. We last updated Michigan Form 4568 from the Department of Treasury in March 2022.

Show Sources >

Form 4568 is a Michigan Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Michigan Form 4568

We have a total of eleven past-year versions of Form 4568 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2021 Form 4568

4568, Michigan Business Tax Nonrefundable Credits Summary

2020 Form 4568

2020 MICHIGAN Business Tax Nonrefundable Credits Summary

2019 Form 4568

4568, 2019 Michigan Business Tax Nonrefundable Credits Summary

2018 Form 4568

4568, 2018 MICHIGAN Business Tax Nonrefundable Credits Summary

2017 Form 4568

4568, 2017 Michigan Business Tax Nonrefundable Credits Summary

2016 Form 4568

4568, 2016 Michigan Business Tax Nonrefundable Credits Summary

Michigan Business Tax 2011 Form 4568

Form 4568, 2011 Michigan Business Tax Nonrefundable Credit Summary


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