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Michigan Free Printable 4570, Michigan Business Tax Credits for Compensation, Investment, and Research and Development for 2022 Michigan Credits for Compensation, Investment, and Research and Development

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Credits for Compensation, Investment, and Research and Development
4570, Michigan Business Tax Credits for Compensation, Investment, and Research and Development

Attachment 04 Michigan Department of Treasury 4570 (Rev. 06-21), Page 1 of 4 2021 MICHIGAN Business Tax Credits for Compensation, Investment, and Research and Development Issued under authority of Public Act 36 of 2007. Taxpayer Name )HGHUDO(PSOR\HU,GHQWL¿FDWLRQ1XPEHU )(,1 RU751XPEHU 1. 00 2. Michigan Compensation ................................................................................................................................... 2. 00 3. Multiply line 2 by 0.37% (0.0037). .................................................................................................................... 3. 00 4. Total eligible depreciable tangible assets located in Michigan that were acquired during the tax year (from line 35). ........................................................................................................................................................ 4. 00 5. Total eligible depreciable tangible assets purchased or acquired for use outside of Michigan in a tax year beginning after December 31, 2007, that were transferred into Michigan during the tax year (from line 36) .... 5. 00 6. Total eligible depreciable mobile tangible assets that were acquired during the tax year (from line 37) ............ 6. 00 7. Mobile Tangible Assets,IVXEMHFWWRDSSRUWLRQPHQWPXOWLSO\OLQHE\WKHSHUFHQWDJHIURP)RUP OLQHF,IQRWVXEMHFWWRDSSRUWLRQPHQWHQWHUDPRXQWIURPOLQH ..................................................................... 7. 00 8. Total Capital Investments. Add lines 4, 5 and 7................................................................................................. 8. 00 9. Total cost paid or accrued of all depreciable real and personal property located everywhere that was acquired during the tax year (authorized under MCL 208.1513(3)) .................................................................................... 9. 00 1. Tax liability before the Compensation and Investment Tax Credits from Form 4568, line 3 ............................. PART 1: COMPENSATION CREDIT. If not claiming this credit, go to Part 2. PART 2: INVESTMENT TAX CREDIT Read instructions to ensure eligibility before claiming this credit. If not claiming this credit, carry amount from line 3 to line 21. Capital Investments /,1(,6)2567$7,67,&$/385326(621/<$1'6+28/'127%(86(',1$1<&$/&8/$7,21217+,6)250 Recapture of Capital Investments Acquired or Transferred into Michigan During the Tax Year 10. $GMXVWHG3URFHHGVIURPUHFDSWXUHRIHOLJLEOHGHSUHFLDEOHWDQJLEOHDVVHWVORFDWHGLQ0LFKLJDQWKDWZHUH acquired or transferred into Michigan during the tax year and were also sold or otherwise disposed of during the tax year (from line 39)...................................................................................................................................... 10. 00 11. Apportioned gains/losses. Multiply line 38, column F, by the percentage from Form 4567, line 11c..................... 11. 00 12. $SSRUWLRQHG$GMXVWHG3URFHHGV,IOLQHLVDJDLQVXEWUDFWLWIURPOLQHFROXPQ(,IOLQHLVDORVVDGG its positive value to line 38, column E.................................................................................................................... 12. 00 13. $GMXVWHG3URFHHGVIURPUHFDSWXUHRIHOLJLEOHGHSUHFLDEOHPRELOHWDQJLEOHDVVHWVDFTXLUHGGXULQJWKHWD[\HDU that were sold or otherwise disposed of during the tax year (from line 41) .............................................................. 13. 00 14. $SSRUWLRQHG$GMXVWHG3URFHHGV0XOWLSO\OLQHE\SHUFHQWDJHIURP)RUPOLQHF ................................. 14. 00 15. $GMXVWHG)HGHUDO%DVLVRIHOLJLEOHGHSUHFLDEOHWDQJLEOHDVVHWV RWKHUWKDQPRELOHWDQJLEOHDVVHWV DFTXLUHG during the tax year that are eligible for the Investment Tax Credit and are transferred outside Michigan during the tax year (from line 42)...................................................................................................................................... 15. 00 16. Recapture of Capital Investments. Add lines 10, 13, and 15. Or, if taxable in another state, add lines 12, 14, and 15 ........................................................................................................................................ 16. 00 If subject to apportionment, complete lines 11 and 12; otherwise, go to line 13. If subject to apportionment, complete line 14; otherwise, go to line 15. + 0000 2021 23 01 27 8 Continue on Page 2 2021 Form 4570, Page 2 of 4 FEIN or TR Number Net Capital Investments 17. Net MBT Capital Investment. Subtract line 16 from line 8 ................................................................................. 17. 18. Multiply line 17 by 2.9% (0.029) ............................................................................................................................ 19. Net Recapture Amount. Enter sum of amounts from Worksheet 2, total of column U, and Form 4585, line 7...... 20. Subtract line 19 from line 18. If negative, carry amount to Form 4568, line 4b .................................................... 18. 19. 20. 00 00 00 00 PART 3: REDUCED COMPENSATION AND INVESTMENT TAX CREDITS 21. Add lines 3 and 20. If line 20 is negative, enter amount from line 3 ...................................................................... 22. 23. 24. 25. 26. 27. Enter amount from Form 4567, line 51, or Form 4590, line 22.............................................................................. There is no amount to be entered on this line. Skip to line 24................................................................................ Enter amount from line 22 ...................................................................................................................................... Multiply line 24 by 52% (0.52) ................................................................................................................................ Allowable Credit. Enter lesser of line 21 or line 25. Carry amount to Form 4568, line 4a ................................... If line 20 is negative, enter amount from line 20 as a positive number. If line 20 is positive, leave this line blank ... 28. Tax After Compensation and Investment Tax Credits. Subtract line 26 from line 1 and add line 27 ...................... 00 00 X X X X X X X X 00 00 00 00 00 28. 00 21. 22. 23. 24. 25. 26. 27. PART 4: RESEARCH AND DEVELOPMENT CREDIT + 29. Research and development expenses in Michigan ................................................................................................ 29. 30. 31. 32. 33. Multiply line 29 by 1.9% (0.019) ............................................................................................................................. Multiply line 24 by 65% (0.65) ................................................................................................................................ Ceiling for Research and Development Credit. Subtract line 26 from line 31 ....................................................... Research and Development Credit. Enter the lesser of line 30 or line 32. Carry amount to Form 4568, line 5 ........ 30. 31. 32. 33. 00 00 00 00 00 34. Tax After Research and Development Credit. Subtract line 33 from line 28. (This line must be equal to Form 4568, line 6.) ...................................................................................................... 34. 00 0000 2021 23 02 27 6 Continue on Page 3 2021 Form 4570, Page 3 of 4 FEIN or TR Number Table 1 - Enter all eligible depreciable tangible assets located in Michigan that were acquired during the tax year. A B C D Description City Date Acquired (MM-DD-YYYY) Cost Paid or Accrued During Tax Year 35. Total of column D. Carry amount to line 4, page 1................................................................................................ 00 35. Table 2 - Enter all eligible depreciable tangible assets purchased or acquired for use outside of Michigan in a tax year beginning after December 31, 2007, that were transferred into Michigan during the tax year. A Description B C D City Date Physically Located in Michigan (MM-DD-YYYY) )HGHUDO$GMXVWHG%DVLV as of Date Transferred 36. Total of column D. Carry amount to line 5, page 1................................................................................................ 36. 00 Table 3 - Enter all eligible depreciable mobile tangible assets that were acquired during the tax year. A B C D Description State Date Acquired (MM-DD-YYYY) Cost Paid or Accrued During Tax Year 37. Total of column D. Carry amount to line 6, page 1................................................................................................ + 0000 2021 23 03 27 4 37. 00 Continue on Page 4 2021 Form 4570, Page 4 of 4 FEIN or TR Number Table 4 - Enter all eligible depreciable tangible assets located in Michigan that were acquired or transferred into Michigan during the tax year and were also sold or otherwise disposed of during the tax year. (Enter dates as MM-DD-YYYY.) A B C D E F Description City Date Acquired Date Sold Gross Sales Price Gain/Loss 38. Totals of columns E and F. A loss in column F will increase recapture ............................ 00 00 39. 00 38. 39. $GMXVWHG3URFHHGV,IOLQHFROXPQ)LVDJDLQVXEWUDFWLWIURPOLQHFROXPQ(,IOLQHFROXPQ)LVD loss, add its positive value to line 38, column E. Carry amount to line 10, page 1 ................................................. Table 5 - Enter all eligible depreciable mobile tangible assets acquired during the tax year that were also sold or otherwise disposed of during the tax year. (Enter dates as MM-DD-YYYY.) A B C D E F Description State Date Acquired Date Sold Gross Sales Price Gain/Loss 40. Totals of columns E and F. A loss in column F will increase recapture ............................ 00 00 41. 00 40. 41. $GMXVWHG3URFHHGV,IOLQHFROXPQ)LVDJDLQVXEWUDFWLWIURPOLQHFROXPQ(,IOLQHFROXPQ)LVD loss, add its positive value to line 40, column E. Carry amount to line 13, page 1 ................................................. Table 6 - Enter all eligible depreciable tangible assets (other than mobile tangible assets) acquired during the tax year that are eligible for the Investment Tax Credit and were transferred outside Michigan during the tax year. (Enter dates as MM-DD-YYYY.) A B C D E Description City Date Acquired Date Transferred )HGHUDO$GMXVWHG%DVLV 42. $GMXVWHG)HGHUDO%DVLV7RWDORIFROXPQ(&DUU\DPRXQWWROLQHSDJH......................................................... + 0000 2021 23 04 27 2 42. 00 Instructions for Form 4570, Michigan Business Tax (MBT) Credits for Compensation, Investment, and Research and Development Purpose 7R FODLP WKH &RPSHQVDWLRQ &UHGLW ,QYHVWPHQW 7D[ &UHGLW ,7&  DQG WKH 5HVHDUFK DQG 'HYHORSPHQW &UHGLW FDOFXODWHG KHUHDQGFDUULHGWRWKHMBT Nonrefundable Credits Summary )RUP  NOTE: 7KLV IRUP PD\ EH XVHG E\ VWDQGDUG WD[SD\HUV WR FODLP HOLJLEOH FUHGLWV DQG E\ ¿QDQFLDO LQVWLWXWLRQV WR FODLP WKH &RPSHQVDWLRQ &UHGLW RQO\ ,QVXUDQFH FRPSDQLHV XVH WKH Miscellaneous Credits for Insurance Companies )RUP   WRFODLPFUHGLWVIRUZKLFKWKH\PD\EHHOLJLEOH 7KH &RPSHQVDWLRQ &UHGLW DQG ,7& WRJHWKHU DUH OLPLWHG WR SHUFHQWRIWKHWRWDOWD[OLDELOLW\7KH5HVHDUFKDQG'HYHORSPHQW &UHGLW FRPELQHG ZLWK WKH &RPSHQVDWLRQ &UHGLW DQG ,7& DUH OLPLWHGWRSHUFHQWRIWKHWD[OLDELOLW\ 7KLVIRUPZLOODOVRGHWHUPLQHDQ,7&UHFDSWXUHWKDWSRWHQWLDOO\ FRXOGLQFUHDVHWKHWD[OLDELOLW\ NOTE: %HJLQQLQJ -DQXDU\   RQO\ WKRVH WD[SD\HUV ZLWK D FHUWL¿FDWHG FUHGLW ZKLFK LV DZDUGHG EXW QRW \HW IXOO\ FODLPHG RU XWLOL]HG PD\ HOHFW WR EH 0%7 WD[SD\HUV  ,I D WD[SD\HU ¿OHV DQ 0%7 UHWXUQ DQG FODLPV D FHUWL¿FDWHG FUHGLW WKHWD[SD\HUPDNHVWKHHOHFWLRQWR¿OHDQGSD\XQGHUWKH0%7 XQWLOWKHFHUWL¿FDWHGFUHGLWDQGDQ\FDUU\IRUZDUGRIWKDWFUHGLW DUH H[KDXVWHG $ WD[SD\HU PDNLQJ D YDOLG FHUWL¿FDWHG FUHGLW HOHFWLRQPD\DOVRFODLPWKHFUHGLWVRQWKLVIRUP Special Instructions for Unitary Business Groups &UHGLWVDUHHDUQHGDQGFDOFXODWHGRQHLWKHUDQHQWLW\VSHFL¿FRU JURXSEDVLVDVGHWHUPLQHGE\WKHUHOHYDQWVWDWXWRU\SURYLVLRQV IRU WKH UHVSHFWLYH FUHGLWV 7KH FUHGLWV RQ WKLV IRUP DUH FDOFXODWHGRQDJURXSEDVLV,QWHUFRPSDQ\WUDQVDFWLRQVDUHQRW HOLPLQDWHGIRUWKHFDOFXODWLRQRIDQ\FUHGLWV$VVHWVWUDQVIHUUHG EHWZHHQ PHPEHUV RI WKH JURXS DUH QRW FRQVLGHUHG FDSLWDO LQYHVWPHQWV LQ TXDOLI\LQJ DVVHWV IRU SXUSRVHV RI FDOFXODWLQJ WKH ,7& LQ 3DUW  &UHGLWV DUH JHQHUDOO\ DSSOLHG DJDLQVW WKH WD[ OLDELOLW\ RI WKH 8QLWDU\ %XVLQHVV *URXS 8%*  XQOHVV RWKHUZLVHVSHFL¿HGE\VWDWXWH &RPSOHWHRQH)RUPIRUWKHJURXS Line-by-Line Instructions Lines not listed are explained on the form. 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\HDUV RQ FROXPQ(WKDWHQGZLWKRWKHUZLVHHQWHU ‡ &ROXPQ 7  0%7 UHFDSWXUH EDVH  (QWHU WRWDO DPRXQW RI UHFDSWXUH FDSLWDO LQYHVWPHQW IURP :RUNVKHHW D FROXPQ ) :RUNVKHHWEFROXPQ)DQG:RUNVKHHWFFROXPQ% ‡ &ROXPQ 8  0%7 UHFDSWXUH DPRXQW  0XOWLSO\ DPRXQW LQ FROXPQ7E\UDWHVLQFROXPQ*DQGLQFROXPQ5 $GGXS¿JXUHVLQHDFKURZRIFROXPQ8DQGFDUU\WKDWDPRXQW WROLQH,I¿OHULVDOVRUHSRUWLQJ6%7,7&UHFDSWXUHDGGERWK WKHWRWDOVXPIURPFROXPQ8LQWKLVIRUPDQGWKHDPRXQWIURP )RUPOLQHDQGHQWHUWKHVXPRQOLQHRQWKLVIRUP  Worksheet 2 — Calculation of MBT ITC Recapture Rates and Amounts A B C D Taxable Year (End Date) in which MBT ITC Disposed Assets were acquired Allowable Michigan compensation and ITC credit amount from Form 4570, line 26 Michigan Compensation Credit Amount from Form 4570, line 3 ,7&WKDWRႇVHWV0%7OLDELOLW\ Subtract column C from column B (Enter 0 if less than 0) E F G H Taxable Year (repeat from column A) MBT Capital Investment Amount from Form 4570, line 8 ITC rate (2.32% for tax years ending in 2008, or 2.9% otherwise) Gross ITC Credit Amount Multiply column F by column G I J K L M Taxable Year (repeat from column A) MBT Recapture of Capital Investment Amount from Form 4570, line 16 ITC rate (2.32% for tax years ending in 2008, or 2.9% otherwise) Gross MBT ITC Recapture Multiply column J by column K MBT ITC Recapture Amount 2ႇVHWE\&UHGLW/HVVHU RIFROXPQ/DQG+ N O P Q R Taxable Year (repeat from column A) SBT ITC Credit Recapture Amount from Form 4570, line 19 SBT ITC Recapture Amount 2ႇVHWE\&UHGLW/HVVHU of column O, DQGFROXPQ +±0 T U S Taxable Year (repeat from column A)  Recapture base. Enter total amount of recapture from Worksheet 1a, column F; Worksheet 1b, Recapture Amount. column F; and Worksheet 1c, Multiply column T by column B. column G and by column R Total MBT ITC Credit Used Extent Credit Used Rate Add columns D, M, and P 'LYLGHFROXPQ4E\FROXPQ+
Extracted from PDF file 2021-michigan-form-4570.pdf, last modified January 2022

More about the Michigan Form 4570 Corporate Income Tax Tax Credit TY 2021

We last updated the Credits for Compensation, Investment, and Research and Development in March 2022, so this is the latest version of Form 4570, fully updated for tax year 2021. You can download or print current or past-year PDFs of Form 4570 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 4570 from the Department of Treasury in March 2022.

Show Sources >

Form 4570 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 4570

We have a total of eleven past-year versions of Form 4570 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2021 Form 4570

4570, Michigan Business Tax Credits for Compensation, Investment, and Research and Development

2020 Form 4570

4570, 2020 MICHIGAN Business Tax Credits for Compensation, Investment, and Research and Development

2019 Form 4570

4570, 2019 MICHIGAN Business Tax Credits for Compensation, Investment, and Research and Development

2018 Form 4570

4570, 2018 MICHIGAN Business Tax Credits for Compensation, Investment, and Research and Development

2017 Form 4570

4570, 2017 Michigan Business Tax Credits for Compensation, Investment, and Research and Development

2016 Form 4570

4570, 2016 Michigan Business Tax Credits for Compensation, Investment, and Research and Development

Michigan Business Tax 2011 Form 4570

Form 4570, 2011 Michigan Business Tax Credits for Compensation, Investment, and Reserach and Development


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While we do our best to keep our list of Michigan Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

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Source: http://www.taxformfinder.org/michigan/form-4570