MMA took the lead in designing and advancing a broad-based R&D Tax Credit accessible to businesses of all sizes, with definitions harmonized with federal standards. With the refundable nature of the tax credit and $100 million in funds secured, companies can be assured that they will maximize the value of their R&D expenditures.
The passage of Michigan’s robust Research & Development (R&D) Tax Credit is a strong step toward securing Michigan’s position as a leader in innovation, fostering economic growth and maintaining competitiveness on the national and global stage.
MMA is working closely with the Michigan Department of Treasury as they develop a Revenue Administrative Bulletin (RAB) implementing the new MMA-driven R&D tax credit which took effect for the 2025 tax year.
There are unique and critical dates for taxpayers to meet this year. To qualify for the credit, claimants must file a tentative claim (“unadjusted credit amount”) by the statutory deadline of 4/1/26 for credits claimed based on expenses incurred during the 2025 calendar year. The early “tentative claim” date is set because the law requires Treasury to pro-rate claims if the claims exceed the annual $100 million cap. Treasury will issue a notice of any required adjustment to the allowed credit based on the pro-ration process.
Executive Vice President of Government Affairs & Workforce Development Call 517-487-8554 E-mail johnston@mimfg.org