R&D Tax Credit Resources
The recent 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.
The Michigan Department of Treasury released a notice regarding the Tax Credit against the Corporate Income Tax (CIT) for tax years beginning on and after 1/1/25. This notice describes the new credit and the process for claiming it, which differs depending on whether the claimant is a CIT taxpayer or a flow-through entity. In both cases, the credit is available starting with research and development expenses incurred during the 2025 calendar year, and the first statutory filing deadline is 4/1/26.
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.
Resources
Legislation & Treasury Notices
MMA Activity and Communication
Upcoming R&D Tax Credit Events
R&D Tax Savings in Michigan: Everything You Need to Know
Tuesday, May 6, 2025 • 10:00 a.m.
Join MMA for a conversation with the Michigan Department of Treasury’s Angela Matelski and David Foos for an overview of the newly enacted Research and Development (R&D) credit. This session will provide manufacturers with essential information on eligibility, calculation methods, due dates and the statutory process for claiming the credit. Treasury staff will also share plans for future guidance and be available to answer your questions.
Learn more and register online.
Watch to Learn More
Contact Mike Johnston
Executive Vice President of Government Affairs & Workforce Development
Call 517-487-8554
E-mail johnston@mimfg.org