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Michigan Free Printable 4595, Michigan Business Tax Renaissance Zone Credit Schedule for 2022 Michigan Renaissance Zone Credit Schedule

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Renaissance Zone Credit Schedule
4595, Michigan Business Tax Renaissance Zone Credit Schedule

Attachment 12 Michigan Department of Treasury 4595 (Rev. 04-21), Page 1 of 2 2021 MICHIGAN Business Tax Renaissance Zone Credit Schedule Issued under authority of Public Act 36 of 2007. Taxpayer Name (If Unitary Business Group, Name of Designated Member) )HGHUDO(PSOR\HU,GHQWL¿FDWLRQ1XPEHU )(,1 RU751XPEHU Unitary Business Groups Only: Name of Unitary Business Group Member Reporting on This Form )HGHUDO(PSOR\HU,GHQWL¿FDWLRQ1XPEHU )(,1 RU751XPEHU 1. Tax liability before Renaissance Zone Credit. Enter amount from Form 4573, line 13, or Form 4596, line 14 ...... 2. (QWHUSURSHUW\LQIRUPDWLRQEHORZ,IRSHUDWLQJLQPXOWLSOH=RQHV¿OHDVHSDUDWH)RUPIRUHDFK=RQH Street Address Zone or Subzone City Parcel Number Check if a FHUWL¿FDWHGFUHGLW (see instructions) 3. Average value of property owned within the Zone ................................................................................................. 4. Multiply rent paid for property within the Zone by 8 and enter the result ................................................................ 5. Total property value within the Zone. Add lines 3 and 4 ......................................................................................... Average value of all property owned in Michigan ................................................................................................... Multiply rent paid for property in Michigan by 8 and enter the result ...................................................................... Total property value in Michigan. Add lines 6 and 7 ............................................................................................... Divide line 5 by line 8 and enter as a percentage................................................................................................... Total payroll for services performed within the Zone .............................................................................................. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Total Michigan payroll ............................................................................................................................................. Divide line 10 by line 11 and enter as a percentage ............................................................................................... Add lines 9 and 12 and enter as a percentage ....................................................................................................... Business Activity Factor. Divide line 13 by 2 and enter as a percentage ............................................................... Credit based on the Business Activity Factor. Multiply line 14 by line 1 ................................................................. 11. 12. 13. 14. 15. Adjusted Services Performed in the Renaissance Zone 16. Enter amount from line 10 ................................................................................ 16. 00 17. Enter depreciation for tangible property in the Zone exempt under MCL ႇ&ODLPSURSHUW\H[HPSWLQWD[\HDUDOVRFODLPQHZSURSHUW\WKDWZLOO be exempt in immediately following tax year (see instructions)........................ 17. 00 18. Add lines 16 and 17 ........................................................................................................................................... 19. Partnerships, S Corporations and Individuals Only (see instructions); UBGs, see instructions a. Business income from Form 4567, line 28. If less than zero, enter zero........ 19a. 00 % b. Apportionment percentage from Form 4567, line 11c ................................. 19b. % c. Enter percentage from line 14 ..................................................................... 19c. d. Multiply line 19a by line 19b by line 19c ...................................................... 19d. e. Add lines 18 and 19d ................................................................................... 19e. 20. 22. 7D[SD\HUV¿UVWORFDWHGZLWKLQWKH5HQDLVVDQFH=RQHEHIRUH21/< (All others, leave lines 22a-e and line 23 blank.) a. Renaissance Zone Credit allowed in 2007 .................................................. 22a. b. Michigan payroll in 2007 .............................................................................. 22b. c. Business Activity Factor for tax year 2007 and enter as a percentage........ 22c. d. Divide line 11 by line 22b and enter as a percentage .................................. 22d. e. Divide line 14 by line 22c and enter as a percentage .................................. 22e. 23. Multiply line 22a by line 22d by line 22e ........................................................................................................... % 00 00 % % % 00 18. 00 21. 00 23. 00 24. 00 25b. 00 00 00 00 % % % 24. 7HQWDWLYH5HQDLVVDQFH=RQH&UHGLW7D[SD\HUV¿UVWORFDWHGLQ=RQHEHIRUHHQWHUWKHJUHDWHURI (i) line 23 or (ii) the lesser of lines 15 and 21. All others, enter the lesser of lines 15 and 21 ............................... % 25. a. Reduced credit percentage from Reduced Credit Table on page 2............. 25a. b. Reduced Renaissance Zone Credit. Multiply line 24 by the reduced credit percentage on line 25a. Carry amount to Form 4573, line 14, or Form 4596, line 15............................................................................ 0000 2021 95 01 27 7 00 00 00 00 00 00 00 00 21. &UHGLWEDVHGRQDGMXVWHGVHUYLFHVSHUIRUPHGLQWKH=RQH0XOWLSO\OLQHE\  ............................... + 3. 4. 5. 6. 7. 8. 9. 10. 20. Enter amount from line 18, or, if taxpayer is a Partnership, S Corporation or Individual, enter amount from line 19e .................................. 00 1. 2021 Form 4595, Page 2 of 2 REDUCED CREDIT TABLE If this tax period begins in the: The reduced credit is: Final year of designation as a Renaissance Zone.................25 percent (0.25) of tentative credit on line 24. <HDULPPHGLDWHO\SUHFHGLQJWKH¿QDO\HDURIGHVLJQDWLRQ as a Renaissance Zone .........................................................50 percent (0.50) of tentative credit on line 24. 6HFRQG\HDUEHIRUHWKH¿QDO\HDURIGHVLJQDWLRQDVD Renaissance Zone................................................................ 75 percent (0.75) of tentative credit on line 24. 7KLUG RUJUHDWHU \HDUEHIRUHWKH¿QDO\HDURIGHVLJQDWLRQ as a Renaissance Zone ........................................................ 100 percent (1.00) of the tentative credit on line 24. + 0000 2021 95 02 27 5 Instructions for Form 4595 Michigan Business Tax (MBT) 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Extracted from PDF file 2021-michigan-form-4595.pdf, last modified January 2022

More about the Michigan Form 4595 Corporate Income Tax Tax Credit TY 2021

We last updated the Renaissance Zone Credit Schedule in March 2022, so this is the latest version of Form 4595, fully updated for tax year 2021. You can download or print current or past-year PDFs of Form 4595 directly from TaxFormFinder. You can print other Michigan tax forms here.

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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 4595 from the Department of Treasury in March 2022.

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Form 4595 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 4595

We have a total of eleven past-year versions of Form 4595 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2021 Form 4595

4595, Michigan Business Tax Renaissance Zone Credit Schedule

2020 Form 4595

4595, 2020 MICHIGAN Business Tax Renaissance Zone Credit Schedule

2019 Form 4595

4595, 2019 Michigan Business Tax Renaissance Zone Credit Schedule

2018 Form 4595

4595, 2018 MICHIGAN Business Tax Renaissance Zone Credit Schedule

2017 Form 4595

4595, 2017 Michigan Business Tax Renaissance Zone Credit Schedule

2016 Form 4595

4595, 2016 Michigan Business Tax Renaissance Zone Credit Schedule

Michigan Business Tax 2011 Form 4595

Form 4595, 2011 Michigan Business Tax Renaissance Zone Credit Schedule


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Source: http://www.taxformfinder.org/michigan/form-4595