Source: https://www.taxformfinder.org/michigan/form-4947
Timestamp: 2020-08-13 19:52:43
Document Index: 516330809

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Michigan Form 4947 (Schedule of Certificated Credits) - 2019 Michigan TaxFormFinder
Michigan Form 4947
Michigan Schedule of Certificated Credits
Form 4947 PDF
2019 Form 4947 2018 Form 4947 2017 Form 4947 2016 Form 4947 2015 Form 4947 2014 Form 4947 2013 Form 4947 2012 Form 4947
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Schedule of Certificated Credits
4947, 2019 Michigan Schedule of Certificated Credits
4947 (Rev. 04-19)
2019 MICHIGAN Schedule of Certificated Credits
PART 1: CERTIFICATED NONREFUNDABLE CREDITS
This credit has expired. Leave this line blank and skip to line 2........................................................................
Eligible Renaissance Zone Credit (see instructions) .........................................................................................
Historic Preservation Credit Net of Recapture from Form 4568, line 22 ...........................................................
MEGA Federal Contracts Credit from Form 4568, line 28.................................................................................
Brownfield Redevelopment Credit from Form 4568, line 32..............................................................................
Film Infrastructure Credit from Form 4568, line 35............................................................................................
MEGA Plug-In Traction Battery Manufacturing Credit from Form 4568, line 36 ................................................
Anchor Company Payroll Credit from Form 4568, line 37 .................................................................................
Anchor Company Taxable Value Credit from Form 4568, line 38......................................................................
MEGA Poly-Silicon Energy Cost Credit and Miscellaneous MEGA Battery Credits from Form 4568, line 39...
X X X X X X X X X 00
11. Certificated Nonrefundable Credits for CIT. Add lines 2 through 10 and carry to Form 4946, line 30,
or Form 4975, line 8 .........................................................................................................................................
PART 2: RECAPTURE OF CERTAIN BUSINESS TAX CREDITS — Amount may not be less than zero. See instructions.
Recapture of MBT Investment Tax Credit (see instructions) .............................................................................
Recapture of Single Business Tax (SBT) Investment Tax Credit from Form 4585, line 7 .................................
This recapture has expired. Leave this line blank and skip to line 15 ...............................................................
Recapture of MBT MEGA Employment Tax Credit from Form 4587, line 2a.....................................................
This recapture has expired. Leave this line blank and skip to line 19 ...............................................................
Recapture of MEGA Federal Contract Credit from Form 4587, line 4 ...............................................................
Recapture of MEGA Photovoltaic Technology Credit from Form 4587, line 5 ...................................................
This recapture has expired. Leave this line blank and skip to line 22 ...............................................................
Recapture of MBT Brownfield Redevelopment Credit from Form 4587, line 7..................................................
Recapture of Film Infrastructure Credit from Form 4587, line 8f .......................................................................
Recapture of Anchor Company Payroll Credit from Form 4587, line 9..............................................................
Recapture of Anchor Company Taxable Value Credit from Form 4587, line 10 ................................................
Recapture of Miscellaneous MEGA Battery Credits from Form 4587, line 12a.................................................
Recapture of Start-Up Business Credit from Form 4573, line 8 ........................................................................
Total Recapture of Certain Business Tax Credits for CIT. Add lines 12, 13, 15, 19, 20 and 22 through 27,
and carry to Form 4946, line 32, or Form 4975, line 10 ....................................................................................
PART 3: CERTIFICATED REFUNDABLE CREDITS — Amount may not be less than zero. See instructions.
MEGA Employment Tax Credit from Form 4574, line 12...................................................................................
This credit is no longer available. Leave this line blank and skip to line 31 ......................................................
Farmland Preservation Credit from Form 4574, line 15 ....................................................................................
MEGA Federal Contract Credit from Form 4574, line 16...................................................................................
MEGA Photovoltaic Technology Credit from Form 4574, line 17.......................................................................
Film Production Credit from Form 4574, line 18................................................................................................
This credit is no longer available. Leave this line blank and skip to line 36 ......................................................
Anchor Company Payroll Credit from Form 4574, line 20 .................................................................................
Anchor Company Taxable Value Credit from Form 4574, line 21......................................................................
MEGA Poly-Silicon Energy Cost Credit and Miscellaneous MEGA Battery Credits from Form 4574, line 22...
39. Certificated Refundable Credits. Add lines 29, 31 through 34, and 36 through 38, and carry to Form 4946,
line 34, or Form 4975, line 12............................................................................................................................
0000 2019 58 01 27 0
Instructions for Form 4947
To	 allow	 qualified	 taxpayers	 that	 elect	 to	 file	 Michigan
Business	Tax	(MBT)	for	tax	years	ending	after	2011	to	identify
their	 certificated	 credits	 and	 recapture	 of	 certain	 tax	 credits.
These	 amounts	 will	 be	 used	 in	 calculating	 the	 pro	 forma
Corporate	 Income	 Tax	 (CIT)	 liability	 on	 the	 Schedule of CIT
Liability for a MBT Filer	 (Form	 4946),	 which	 is	 a	 required
element	 in	 calculating	 MBT	 liability	 for	 tax	 years	 ending	 after
NOTE:	 Only	 a	 limited	 number	 of	 credits	 and	 recaptures
listed	 on	 this	 form	 apply	 to	 financial	 institutions	 or	 insurance
companies.	 Credits	 and	 recaptures	 applicable	 to	 financial
institutions	 are	 identified	 in	 the	 instructions	 of	 the	 forms	 from
which	 figures	 on	 this	 form	 originate.	 A	 credit	 or	 recapture
should	not	be	reported	on	Form	4947	if	it	is	not	reported	on	one
of	the	following	forms:
• Nonrefundable Credits Summary	(Form	4568)
• Credits for Compensation, Investment, and Research and
Development	(Form	4570)
• Miscellaneous Nonrefundable Credits	(Form	4573)
• Refundable Credits	(Form	4574)
• Investment Tax Credit Recapture From Sale of Assets
Acquired Under Single Business Tax	(Form	4585)
• Schedule of Recapture of Certain Business Tax Credits
(Form	4587)
• Renaissance Zone Credit Schedule	(Form	4595).
Companies	 calculate	 certificated	 credits	 separately	 on	 the
Miscellaneous Credits for Insurance Companies (Form
4596)	 and	 the	 Schedule of Corporate Income Tax Liability
for a Michigan Business Tax Insurance Filer 	(Form	4974).
Name and Account Number:	 Enter	 name	 and	 account
number	 as	 reported	 on	 page	 1	 of	 the	 applicable	 MBT	 annual
return	 (either	 MBT Annual Return	 (Form	 4567)	 for	 standard
taxpayers,	MBT Annual Return for Financial Institutions (Form
4590),	 or	 Insurance Company Annual Return for Michigan
determine	 which	 Renaissance	 Zone	 credits	 are	 certificated.	 A
certificated	 Renaissance	 Zone	 credit	 will	 be	 identified	 by	 the
checkbox	 on	 line	 2	 of	 Form	 4595.	 Only	 a	 credit	 of	 that	 type
may	 be	 reported	 on	 this	 line.	 Enter	 credit	 amount	 from	 Form
4595,	 line	 25b,	 for	 which	 certificated	 status	 is	 properly	 claimed
on	Form	4595,	line	2.
If	 a	 taxpayer	 has	 activity	 in	 more	 than	 one	 certificated
Renaissance	 Zone,	 a	 separate	 Form	 4595	 will	 be	 filed	 for	 each
Zone.	 In	 that	 case,	 report	 here	 the	 combined	 total	 of	 credits
claimed	 on	 all	 Forms	 4595,	 line	 25b,	 for	 which	 certificated
status	is	properly	claimed	on	Form	4595,	line	2.
DO NOT	 use	 the	 Renaissance	 Zone	 credit	 amount	 from	 Form
4573	or	Form	4596	to	complete	this	form.
Line 3:	 An	 Historic	 Preservation	 Credit	 may	 be	 classified
as	 refundable	 or	 nonrefundable,	 depending	 upon	 an	 election
made	 by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report	 an
Historic	 Preservation	 Credit	 that	 is	 properly	 classified	 as
nonrefundable.	 If	 a	 refundable	 historic	 preservation	 credit
was	 claimed	 as	 an	 accelerated	 credit	 on	 the	 Request for
that	 credit	 amount	 is	 not	 reported	 on	 this	 form.	 Standard
taxpayers	 and	 financial	 institutions	 use	 the	 Historic
Preservation	 Credit	 Net	 of	 Recapture	 amount	 as	 reported	 on
Form	4568,	line	22.
Line 4:	A	MEGA	Federal	Contracts	Credit	may	be	classified	as
refundable	or	nonrefundable,	depending	upon	an	election	made
by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report	 a	 MEGA	 Federal
Contracts	 Credit	 that	 is	 properly	 classified	 as	 nonrefundable,
and	reported	on	Form	4568.
Line 5:	 A	 Brownfield	 Redevelopment	 Credit	 may	 be
classified	 as	 refundable	 or	 nonrefundable,	 depending	 upon	 an
election	 made	 by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report	 a
Brownfield	 Redevelopment	 Credit	 that	 is	 properly	 classified	 as
nonrefundable.	 If	 a	 refundable	 Brownfield	 credit	 was	 claimed
as	 an	 accelerated	 credit	 on	 Form	 4889,	 that	 credit	 amount	 is
not	 reported	 on	 this	 form.	 Standard	 taxpayers	 and	 financial
institutions	 use	 the	 Brownfield	 Redevelopment	 Credit	 amount
as	reported	on	Form	4568,	line	32
Line 6:	 Standard	 taxpayers	 and	 financial	 institutions	 use	 the
amount	from	Form	4568,	line	35.
UBGs:	 Complete	 one	 form	 for	 the	 group.	 Enter	 designated
member’s	 name	 and	 account	 number.	 To	 the	 extent	 that	 credits
are	 calculated	 on	 a	 pro-forma,	 member	 level	 basis	 on	 the	 4568,
4595,	or	4574,	enter	the	total	credit	amount	for	the	group	on	this
Line 7: For tax years ending after December 31, 2014, the
MEGA Plug-In Traction Battery Manufacturing Credit
is no longer available.	 However,	 unused	 credit	 carryforward
from	 the	 immediately	 preceding	 tax	 year	 may	 still	 be	 claimed,
if	available.
If	not	taking	any	credits	in	Part	1,	skip	to	Part	2.
Line 8:	 An	 Anchor	 Company	 Payroll	 Credit	 may	 be	 classified
made	 by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report	 an	 Anchor
Company	 Payroll	 Credit	 that	 is	 properly	 classified	 as
nonrefundable,	and	reported	on	Form	4568.
Line 2:	 Not	 all	 Renaissance	 Zone	 credits	 are	 certificated
credits	 to	 be	 reported	 on	 this	 form.	 See	 special	 instructions	 on
the	 MBT Renaissance Zone Credit Schedule	 (Form	 4595)	 to
Line 9:	 An	 Anchor	 Company	 Taxable	 Value	 Credit	 may	 be
classified	 as	 refundable	 or	 nonrefundable,	 depending	 upon
an	 election	 made	 by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report
an	 Anchor	 Company	 Taxable	 Value	 Credit	 that	 is	 properly
classified	as	nonrefundable,	and	reported	on	Form	4568.
Line 10:	 A	 MEGA	 Poly-Silicon	 Energy	 Cost	 Credit	 may	 be
a	 MEGA	 Poly-Silicon	 Energy	 Cost	 Credit	 that	 is	 properly
PART 2: Recapture of Certain Business Tax Credits
If	not	reporting	any	recaptures	in	Part	2,	skip	to	Part	3.
Line 12:	 See	 the	 section	 “Calculation	 of	 MBT	 ITC	 Credit
Recapture	Amount”	later	in	these	instructions.
Line 13: UBGs:	 In	 a	 UBG,	 a	 separate	 copy	 of	 Form	 4585	 is
filed	 for	 each	 member	 that	 has	 activity	 reportable	 on	 that	 form.
If	the	return	includes	multiple	copies	of	Form	4585,	report	here
the	 combined	 total	 of	 recapture	 reported	 on	 all	 Forms	 4585,
line	7.
PART 3: Certificated Refundable Credits
Line 29:	 Standard	 taxpayers	 and	 financial	 institutions	 use	 the
MEGA	 Employment	 Tax	 Credit	 amount	 as	 reported	 on	 Form
4574,	line	12.
Line 30: This credit cannot be claimed for a tax period
ending in 2016 or later.
Line 32:	 A	 MEGA	 Federal	 Contracts	 Credit	 may	 be	 classified
made	 by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report	 a	 MEGA
Federal	 Contracts	 Credit	 that	 is	 properly	 classified	 as
refundable,	and	reported	on	Form	4574,	line	16.
Line 33:	 Standard	 taxpayers	 and	 financial	 institutions	 use	 the
MEGA	 Photovoltaic	 Technology	 Credit	 amount	 as	 reported	 on
Form	4574,	line	17.
Line 34:	 Standard	 taxpayers	 and	 financial	 institutions	 use	 the
Film	 Production	 Credit	 amount	 as	 reported	 on	 Form	 4574,	 line
Line 35: The MEGA Plug-In Traction Battery
Manufacturing Credit is no longer available as a newly
arising credit. 	 Line	 7	 of	 this	 form	 will	 continue	 to	 be	 used
to	 claim	 an	 unused	 credit	 carryforward	 from	 the	 immediately
preceding	tax	year.
Line 36:	 An	 Anchor	 Company	 Payroll	 Credit	 may	 be
election	 made	 by	 the	 taxpayer.	 Use	 this	 line	 only	 to	 report	 an
Anchor	 Company	 Payroll	 Credit	 that	 is	 properly	 classified	 as
refundable,	and	reported	on	Form	4574,	line	20.
Line 37:	 An	 Anchor	 Company	 Taxable	 Value	 Credit	 may	 be
classified	as	refundable,	and	reported	on	Form	4574,	line	21.
Line 38:	 A	 MEGA	 Poly-Silicon	 Energy	 Cost	 Credit	 and	 the
Miscellaneous	 MEGA	 Battery	 Credits	 may	 be	 classified	 as
refundable	 or	 nonrefundable,	 depending	 upon	 an	 election
made	 by	 the	 taxpayer	 in	 the	 year	 the	 credit	 arises.	 Use	 this
line	 to	 report	 a	 MEGA	 Poly-Silicon	 Energy	 Cost	 Credit	 and/
or	 any	 Miscellaneous	 MEGA	 Battery	 Credits	 that	 are	 properly
classified	as	refundable	and	reported	on	Form	4574,	line	22.
UBGs:	 If	 capital	 asset	 subject	 to	 recapture	 is	 from	 a	 member
that	 was	 not	 part	 of	 the	 group	 in	 the	 tax	 year	 the	 asset	 was
acquired,	 make	 a	 separate	 line	 entry	 for	 the	 tax	 year	 the
member	 filed	 outside	 of	 the	 group.	 Take	 care	 to	 report	 on
this	 line	 information	 requested	 in	 each	 column	 only	 from	 the
member’s	single	filings,	not	the	group’s.
taxable	income	(as	defined	for	MBT	purposes)	in	the	year	of	the
sale.	The	gain	attributable	to	the	installment	sale	that	is	reported
in	 subsequent	 years	 increases	 the	 credit	 base	 (or	 reduces	 other
sources	 of	 recapture)	 for	 those	 years,	 and	 must	 be	 reported	 on
column	 C	 of	 the	 appropriate	 Worksheet	 based	 on	 the	 type	 of
asset.	 For	 property	 placed	 in	 service	 prior	 to	 January	 1,	 2008,
CIT Apportionment
Percentage from Form
4891, line 9g, or Form
4908, line 9c
NOTE: Lines references on columns below are based on
2010 MBT form 4570. Lines for 2008 and 2009 MBT forms
are different, so if copying information from a 2008 or 2009
MBT form, choose the appropriate lines.
• Column	 A:	 Enter	 in	 chronological	 order,	 beginning	 with
UBGs: If	 capital	 asset	 subject	 to	 recapture	 is	 from	 a	 member
member	 filed	 outside	 of	 the	 group.	 Take	 care	 to	 report	 in	 this
line	 information	 requested	 in	 each	 column	 only	 from	 the
• Column	 B:	 Enter	 allowable	 MI	 compensation	 and
ITC	 credits	 amount	 from	 Form	 4570,	 line	 26	 with	 the
corresponding	acquisition	year	in	column	A.
• Column	 C:	 Enter	 the	 MI	 compensation	 credit	 amount	 from
Form	4570,	line	3	with	the	corresponding	acquisition	year	in
• Column	 D:	 Calculate	 net	 ITC	 credit	 amount:	 subtract
column	 C	 from	 column	 B	 for	 each	 taxable	 year.	 	 If
difference	 is	 less	 than	 zero	 (is	 negative),	 enter	 zero.		 This	 is
the	amount	of	ITC	credit	that	offsets	MBT	liability.
• Column	 F:	 MBT	 capital	 investment	 amount.	 	 Enter	 total
amount	 of	 capital	 investment	 reported	 on	 Form	 4570,	 line	 8
for	each	taxable	year	listed	on	column	E.
• Column	 G:	 ITC	 rate.	 	 Enter	 2.32%	 for	 taxable	 years	 on
• Column	 H:	 Calculate	 gross	 IC	 credit	 amount:	 	 multiply
• Column	J:	MBT	recapture	of	capital	investment.		Enter	total
• Column	 L:	 Gross	 MBT	 ITC	 credit	 recapture	 amount.
Enter	 all	 depreciable	 tangible	 assets	 other	 than	 mobile	 tangible
assets	 acquired	 after	 2007	 that	 were	 eligible	 for	 ITC	 and	 were
column	 B.	 In	 column	 A,	 enter	 the	 taxable	 year	 in	 which	 the
disposed	assets	were	acquired,	and	in	column	B,	enter	adjusted
basis	 as	 used	 for	 federal	 purposes.	 Do	 not	 use	 a	 recomputed
MBT	basis	for	this	purpose.
Multiply	 column	 J	 by	 column	 K.	 	 This	 represents	 the	 total
amount	of	ITC	credit	recapture	available	to	be	reported	in	the
tax	year.
• Column	 M:	 MBT	 ITC	 credit	 recapture	 amount	 offset	 by
credit.	 Enter	 the	 lesser	 of	 columns	 H	 and	 L.	 This	 is	 the
amount	 of	 available	 ITC	 credit	 recapture	 that	 was	 offset	 by
the	total	amount	of	available	ITC	credit	in	the	year.
• Column	 O:	 SBT	 credit	 recapture	 amount.		 Enter	 total	 amount
from	Form	4570,	line	19	for	each	taxable	year	listed	on	column
• Column	 P:	 	 SBT	 ITC	 credit	 recapture	 amount	 offset	 by
credit.	 	 Enter	 lesser	 of	 the	 amount	 on	 column	 O,	 and	 the
amount	 of	 column	 H	 minus	 column	 M.	 This	 is	 the	 amount
of	 SBT	 ITC	 credit	 recapture	 that	 was	 offset	 by	 the	 total
amount	of	available	ITC	credit	in	the	taxable	year.
• Column	 Q:		 Total	 MBT	 ITC	 used.		 Add	 columns	 D,	 M,	 and
P.		The	total	amount	of	MBT	ITC	used	equals	to	the	amount
of	 credit	 that	 offsets	 MBT	 ITC	 credit	 recapture,	 SBT	 ITC
credit	recapture,	and	the	MBT	liability.
• Column	 R:		 Extent	 used	 rate.		 Divide	 amounts	 on	 column	 Q
• Column	 T:	 	 MBT	 recapture	 base.	 	 Enter	 total	 amount	 of
• Column	 U:	 	 MBT	 recapture	 amount.	 	 Multiply	 amount	 in
to	Form	4947,	line	12.
NOTE: Lines references on columns below are based on 2010 MBT form 4570. Lines for 2008 and 2009 MBT forms are
different, so if copying information from a 2008 or 2009 MBT form, choose the appropriate lines.
1a, column F; Worksheet 1 b,
Extracted from PDF file 2019-michigan-form-4947.pdf, last modified January 2020
More about the Michigan Form 4947 Corporate Income Tax Tax Credit TY 2019
We last updated the Schedule of Certificated Credits in March 2020, so this is the latest version of Form 4947, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 4947 directly from TaxFormFinder. You can print other Michigan tax forms here.
Michigan usually releases forms for the current tax year between January and April. We last updated Michigan Form 4947 from the Department of Treasury in March 2020.
Original Form PDF is https://www.michigan.gov/documents/taxes/4947_ty19_678289_7.pdf
Form 4947 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.
Historical Past-Year Versions of Michigan Form 4947
We have a total of eight past-year versions of Form 4947 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 Form 4947
2018 Form 4947
4947, 2018 MICHIGAN Schedule of Certificated Credits
2017 Form 4947
4947, 2017 Michigan Schedule of Certificated Credits
2016 Form 4947
4947, 2016 Michigan Schedule of Certificated Credits
2015 Form 4947
2014 Form 4947
2013 Form 4947
2012 Form 4947
Source: http://www.taxformfinder.org/michigan/form-4947