reglab/housing_qa huggingface dataset:
MI Comp L § 208.1432d (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1432d - For 2023 Tax Year; Tax Credit; Electricity; "Qualified Consumption of Electricity" Defined.

 ***** 208.1432d THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1432d For 2023 tax year; tax credit; electricity; "qualified consumption of electricity" defined.Sec. 432d.  (1) For the 2023 tax year, a qualified taxpayer that has received a certificate under section 432 may claim a credit equal to the product obtained by multiplying 25% of the qualified consumption of electricity times the difference between the projected cost of electricity and the guaranteed cost of electricity.  (2) If the credit allowed under this section exceeds the tax liability of the qualified taxpayer for the tax year, the qualified taxpayer may elect to have that portion that exceeds the tax liability of the qualified taxpayer refunded or to have the excess carried forward to offset the tax liability in subsequent years for 10 years or until used up, whichever occurs first.  (3) As used in this section, "qualified consumption of electricity" means up to 1,445,400 megawatt hours of electricity consumed during the tax year at a facility described by an agreement entered into under section 432. History: Add. 2008, Act 264, Imd. Eff. Aug. 6, 2008 Popular Name: MBT
MI Comp L § 208.1439 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1439 - Qualified Low-Grade Hematite Consumed in Industrial or Manufacturing Process; Tax Credit; Definitions.

 ***** 208.1439 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1439 Qualified low-grade hematite consumed in industrial or manufacturing process; tax credit; definitions.Sec. 439.  (1) A taxpayer may claim a credit against the tax imposed by this act equal to $1.00 per long ton of qualified low-grade hematite consumed in an industrial or manufacturing process that is the business activity of the taxpayer.  (2) If the credit allowed under this section for the tax year and any unused carryforward of the credit allowed under this section exceed the tax liability of the taxpayer for the tax year, the excess shall not be refunded, but may be carried forward as an offset to the tax liability in subsequent tax years for 5 tax years or until the excess credit is used up, whichever occurs first.  (3) The credit under this section shall be based on low-grade hematite consumed on and after January 1, 2000.  (4) As used in this section:  (a) "Consumed in an industrial or manufacturing process" means a process in which low-grade hematite is used as a raw material in the production of pig iron or steel.  (b) "Low-grade hematite" means any hematitic iron formation that is not of sufficient quality in its original mineral state to be mined and shipped for the production of pig iron or steel without first being drilled, blasted, crushed, and ground very fine to liberate the iron minerals and for which additional beneficiation and agglomeration are required to produce a product of sufficient quality to be used in the production of pig iron or steel.  (c) "Qualified low-grade hematite" means pellets produced from low-grade hematitic iron ore mined in the United States. History: 2007, Act 36, Eff. Jan. 1, 2008 Compiler's Notes: Enacting section 1 of Act 36 of 2007 provides:"Enacting section 1. This act takes effect January 1, 2008 and applies to all business activity occurring after December 31, 2007."Popular Name: MBT
MI Comp L § 208.1445 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1445 - Taxpayer as New Motor Vehicle Dealer; Tax Credit; "New Motor Vehicle Inventory" Defined.

 ***** 208.1445 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1445 Taxpayer as new motor vehicle dealer; tax credit; "new motor vehicle inventory" defined.Sec. 445.  (1) A taxpayer that is a new motor vehicle dealer licensed under the Michigan vehicle code, 1949 PA 300, MCL 257.1 to 257.923, may claim a credit against the tax imposed by this act equal to 0.25% of the amount paid by the taxpayer to acquire new motor vehicle inventory in the tax year.   (2) If the amount of the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that excess shall not be refunded and shall not be carried forward as an offset to the tax liability in subsequent tax years.  (3) As used in this section, "new motor vehicle inventory" means new motor vehicles or motor vehicle parts. History: 2007, Act 36, Eff. Jan. 1, 2008 ;-- Am. 2007, Act 145, Eff. Jan. 1, 2008 Compiler's Notes: Enacting section 1 of Act 36 of 2007 provides:"Enacting section 1. This act takes effect January 1, 2008 and applies to all business activity occurring after December 31, 2007."Enacting section 3 of Act 145 of 2007 provides:"Enacting section 3. Sections 281 and 451 of the Michigan business tax act, 2007 PA 36, MCL 208.1281 and 208.1451, as added by this amendatory act, and sections 105, 111, 113, 201, 239, 265, 403, 405, 409, 413, 445, 447, 515, and 601 of the Michigan business tax act, 2007 PA 36, MCL 208.1105, 208.1111, 208.1113, 208.1201, 208.1239, 208.1265, 208.1403, 208.1405, 208.1409, 208.1413, 208.1445, 208.1447, 208.1515, and 208.1601, as amended by this amendatory act, take effect January 1, 2008 and apply to all business activity occurring after December 31, 2007."Popular Name: MBT
MI Comp L § 208.1446 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1446 - Ownership, Operation, or Control of Exhibition Open to Public; Tax Credit.

 ***** 208.1446 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1446 Ownership, operation, or control of exhibition open to public; tax credit.Sec. 446.  (1) Beginning in 2009, a qualified taxpayer may claim a credit against the tax imposed by this act equal to the following:  (a) In 2009, the qualified taxpayer's tax liability under this act or $500,000.00, whichever is less.  (b) In 2010 and each year thereafter, the qualified taxpayer's tax liability under this act or $250,000.00, whichever is less.  (2) As used in this section, "qualified taxpayer" means a taxpayer that owns, operates, or controls an exhibition in this state that is open to the public and satisfies all of the following:  (a) Promotes, advertises, or displays the design or concept of products that are designed, manufactured, or produced, in whole or in part, in this state and are available for sale to the general public.  (b) The exhibition uses more than 100,000 square feet of floor space.  (c) Is open to the general public for at least 7 consecutive days in a calendar year.  (d) Attendance during the entire exhibition exceeds 500,000.  (e) Has more than 3,000 credentialed journalists, including international journalists, who attend the exhibition. History: Add. 2008, Act 507, Imd. Eff. Jan. 13, 2009 Popular Name: MBT
MI Comp L § 208.1447 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1447 - Tax Credit Equal to 1.0% of Taxpayer's Compensation; "Eligible Taxpayer" Defined.

 ***** 208.1447 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1447 Tax credit equal to 1.0% of taxpayer's compensation; "eligible taxpayer" defined.Sec. 447.  (1) An eligible taxpayer may claim a credit against the tax imposed by this act equal to 1.0% of the taxpayer's compensation in this state, not to exceed $8,500,000.00.   (2) If the amount of the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that excess shall not be refunded and shall not be carried forward as an offset to the tax liability in subsequent tax years.  (3) A taxpayer that claims a credit under this section shall not claim a credit under section 449.  (4) As used in this section, "eligible taxpayer" means a taxpayer that meets all of the following conditions:  (a) Operates at least 17,000,000 square feet of enclosed retail space and 2,000,000 square feet of enclosed warehouse space in this state.  (b) Sells all of the following at retail:  (i) Fresh, frozen, or processed food, food products, or consumable necessities.   (ii) Prescriptions and over-the-counter medications.  (iii) Health and beauty care products.  (iv) Cosmetics.  (v) Pet products.  (vi) Carbonated beverages.  (vii) Beer, wine, or liquor.  (c) Sales of the items listed in subdivision (b) represent more than 35% of the taxpayer's total sales in the tax year.  (d) Maintains its headquarters operation in this state. History: 2007, Act 36, Eff. Jan. 1, 2008 ;-- Am. 2007, Act 145, Eff. Jan. 1, 2008 Compiler's Notes: Enacting section 1 of Act 36 of 2007 provides:"Enacting section 1. This act takes effect January 1, 2008 and applies to all business activity occurring after December 31, 2007."Enacting section 3 of Act 145 of 2007 provides:"Enacting section 3. Sections 281 and 451 of the Michigan business tax act, 2007 PA 36, MCL 208.1281 and 208.1451, as added by this amendatory act, and sections 105, 111, 113, 201, 239, 265, 403, 405, 409, 413, 445, 447, 515, and 601 of the Michigan business tax act, 2007 PA 36, MCL 208.1105, 208.1111, 208.1113, 208.1201, 208.1239, 208.1265, 208.1403, 208.1405, 208.1409, 208.1413, 208.1445, 208.1447, 208.1515, and 208.1601, as amended by this amendatory act, take effect January 1, 2008 and apply to all business activity occurring after December 31, 2007."Popular Name: MBT
MI Comp L § 208.1449 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1449 - Tax Credit Equal to 0.125% of Taxpayer's Compensation.

 ***** 208.1449 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1449 Tax credit equal to 0.125% of taxpayer's compensation.Sec. 449.  (1) An eligible taxpayer may claim a credit against the tax imposed by this act equal to 0.125% of the taxpayer's compensation in this state, not to exceed $300,000.00.  (2) If the amount of the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that excess shall not be refunded and shall not be carried forward as an offset to the tax liability in subsequent tax years.  (3) As used in this section, "eligible taxpayer" means a taxpayer that meets all of the following:  (a) Operates at least 2,500,000 square feet of enclosed retail space and 1,400,000 square feet of enclosed warehouse, headquarters, and transportation services in this state.  (b) Sells all of the following at retail:  (i) Fresh, frozen, or processed food, food products, or consumable necessities.  (ii) Prescriptions and over-the-counter medications.  (iii) Health and beauty care products.  (iv) Cosmetics.  (v) Pet products.  (vi) Carbonated beverages.  (vii) Beer, wine, or liquor.  (c) Sales of the items listed in subdivision (b) represent more than 35% of the taxpayer's total sales in the tax year.  (d) The taxpayer maintains its headquarters operation in this state. History: 2007, Act 36, Eff. Jan. 1, 2008 Compiler's Notes: Enacting section 1 of Act 36 of 2007 provides:"Enacting section 1. This act takes effect January 1, 2008 and applies to all business activity occurring after December 31, 2007."Popular Name: MBT
MI Comp L § 208.1450 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1450 - Research and Development of Qualified Technology; Tax Credit; Definitions.

 ***** 208.1450 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1450 Research and development of qualified technology; tax credit; definitions.Sec. 450.  (1) Subject to section 450a, for tax years that begin on or after January 1, 2008 and end before January 1, 2016, a taxpayer that is engaged in research and development of a qualified technology may claim a credit against the tax imposed by this act equal to 3.9% of the compensation as defined in section 107 for services performed in a qualified facility, paid to the employees at the qualified facility in the tax year, if the taxpayer has entered into an agreement before April 1, 2007 with the Michigan economic growth authority that provides all of the following:  (a) The type and number of jobs at the qualified facility to which the agreement applies.  (b) The type of work to be performed by the employees performing the jobs provided under subdivision (a) by the taxpayer.  (c) Any other terms and conditions that the Michigan economic growth authority considers to be in the public interest.  (2) If the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that portion that exceeds the tax liability shall be refundable.  (3) The maximum amount of the credit allowed under this section that any 1 taxpayer may claim shall not exceed $2,000,000.00 in a single tax year.  (4) As used in this section:  (a) "Michigan economic growth authority" means the Michigan economic growth authority created in the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.  (b) "Motor vehicle" means a motor vehicle as defined in section 33 of the Michigan vehicle code, 1949 PA 300, MCL 257.33, that is designed as a passenger vehicle, or sport utility vehicle, but does not include a motor home, bus, truck other than a pickup truck or van, or a vehicle designed to travel on less than 4 wheels.  (c) "Qualified city" means a city that meets both of the following criteria:  (i) Has a population of not less than 80,000 and not more than 82,000 as designated by the United States bureau of the census in the 2000 census.  (ii) Is located in a county that has a population of not less than 1,000,000 and not more than 1,300,000 as designated by the United States bureau of the census in the 2000 census.  (d) "Qualified facility" means a leased facility in a qualified city used for the research and development of a qualified technology.   (e) "Qualified technology" means a hybrid system the primary purpose of which is the propulsion of a motor vehicle.  (f) "Research and development" means "qualified research" as that term is defined in section 41(d) of the internal revenue code. History: Add. 2007, Act 214, Eff. Jan. 1, 2008 Popular Name: MBT
MI Comp L § 208.1450a (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1450a - Tax Credit Under Section 34 of Former 1975 Pa 228; Tax Credit Under MCL 208.1450; Tax Credit Under MCL 208.1405.

 ***** 208.1450a THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1450a Tax credit under section 34 of former 1975 PA 228; tax credit under MCL 208.1450; tax credit under MCL 208.1405.Sec. 450a.  (1) A taxpayer that qualified to claim the credit under section 34 of former 1975 PA 228 may claim the credit under section 450 for the total number of years designated in the agreement, reduced by the number of years the taxpayer claimed the credit under section 34 of former 1975 PA 228, or until January 1, 2016, whichever occurs first.  (2) A taxpayer that claims a credit under section 450 is not prohibited from claiming a credit under section 405. However, the taxpayer shall not claim a credit under section 450 and section 405 based on the same research and development. History: Add. 2007, Act 208, Eff. Jan. 1, 2008 Popular Name: MBT
MI Comp L § 208.1451 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1451 - Tax Credit; Excess Amount; Refund Prohibited; Definitions.

 ***** 208.1451 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1451 Tax credit; excess amount; refund prohibited; definitions.Sec. 451.  (1) An eligible taxpayer may claim a credit against the tax imposed by this act equal to the following:  (a) If a surcharge is imposed and levied under section 281 for the same tax year for which the credit is claimed under this section, 30.5% of the taxpayer's expenses incurred during the tax year to comply with 1976 IL 1, MCL 445.571 to 445.576.  (b) If a surcharge is not imposed and levied under section 281 for the same tax year for which the credit is claimed under this section, 25% of the taxpayer's expenses incurred during the tax year to comply with 1976 IL 1, MCL 445.571 to 445.576.  (2) If the amount of the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that excess shall not be refunded and shall not be carried forward as an offset to the tax liability in subsequent tax years.  (3) As used in this section:  (a) "Beverage container" and "distributor" mean those terms as defined under 1976 IL 1, MCL 445.571 to 445.576.  (b) "Eligible taxpayer" means a distributor or manufacturer who originates a deposit on a beverage container in accordance with 1976 IL 1, MCL 445.571 to 445.576. History: Add. 2007, Act 145, Eff. Jan. 1, 2008 Compiler's Notes: Enacting section 3 of Act 145 of 2007 provides:"Enacting section 3. Sections 281 and 451 of the Michigan business tax act, 2007 PA 36, MCL 208.1281 and 208.1451, as added by this amendatory act, and sections 105, 111, 113, 201, 239, 265, 403, 405, 409, 413, 445, 447, 515, and 601 of the Michigan business tax act, 2007 PA 36, MCL 208.1105, 208.1111, 208.1113, 208.1201, 208.1239, 208.1265, 208.1403, 208.1405, 208.1409, 208.1413, 208.1445, 208.1447, 208.1515, and 208.1601, as amended by this amendatory act, take effect January 1, 2008 and apply to all business activity occurring after December 31, 2007."Popular Name: MBT
MI Comp L § 208.1453 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1453 - Private Equity Fund Manager; Tax Credit; Definitions.

 ***** 208.1453 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1453 Private equity fund manager; tax credit; definitions.Sec. 453.  (1) An eligible taxpayer may claim a credit against the tax imposed by this act equal to the eligible taxpayer's tax liability attributable to the activities as an eligible taxpayer for the tax year after claiming any other credits allowed under this act multiplied by a fraction, the numerator of which is the total activity of the private equity fund manager conducted in this state during the tax year and the denominator of which is the total activity of the private equity fund manager conducted everywhere during the tax year.   (2) For purposes of this section, the location of the activity of the private equity fund manager is based on the location of the office from which the fund manager conducts management activity for the eligible taxpayer.   (3) As used in this section:  (a) "Accredited investor" means that term as defined under section 2 of the securities act of 1933, 15 USC 77b.  (b) "Eligible taxpayer" means a taxpayer that is a private equity fund which serves as a conduit for the investment of private securities not listed on a public exchange by accredited investors or qualified purchasers at any time during which the investment is acquired or subsequently used to claim the credit under this section.  (c) "Private equity fund manager" means the person or persons responsible for the management of the investments of the eligible taxpayer.  (d) "Qualified purchaser" means that term as defined under section 2 of the investment company act of 1940, 15 USC 80a-2. History: Add. 2007, Act 206, Eff. Jan. 1, 2008 Popular Name: MBT
MI Comp L § 208.1461 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1461 - Tax Credit by Taxpayer Other Than Regulated Utility.

 ***** 208.1461 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1461 Tax credit by taxpayer other than regulated utility.Sec. 461.  For tax years beginning after December 31, 2008 and ending before January 1, 2011, a taxpayer other than a regulated utility may claim a credit under this act equal to 0.42% of the amount of the deduction claimed for the 2008 tax year for bonus depreciation under section 168(k) of the internal revenue code apportioned as the tax base is apportioned under this act. If the amount of the credit exceeds the liability of the taxpayer, the excess shall not be refunded but may be carried forward for 10 years or until used up, whichever occurs first. History: Add. 2008, Act 434, Eff. Jan. 1, 2008 Popular Name: MBT
MI Comp L § 208.1471 (2021)
2021 Michigan Compiled Laws|Chapter 208 - Business Tax|Act 36 of 2007 - Michigan Business Tax Act (208.1101 - 208.1601)|36-2007-4 - Chapter 4 (208.1400...208.1471)|Section 208.1471 - Dealer, Distributor, Manufacturer, or Seller of Cigarettes or Tobacco Products; Tax Credit.

 ***** 208.1471 THIS SECTION IS REPEALED BY ACT 90 OF 2019 EFFECTIVE FOR TAX YEARS THAT BEGIN AFTER DECEMBER 31, 2031 ***** 208.1471 Dealer, distributor, manufacturer, or seller of cigarettes or tobacco products; tax credit.Sec. 471.  (1) For the taxpayer's first tax year that begins after December 31, 2010 only, a taxpayer that is a wholesale dealer, retail dealer, distributor, manufacturer, or seller that had receipts from the sale of cigarettes or tobacco products and paid the federal and state excise taxes on or for such cigarettes or tobacco products under subtitle E of the internal revenue code or other applicable state law during the 2008 and 2009 tax years may claim a credit against the tax imposed by this act equal to the sum of the following:  (a) The difference between the taxpayer's modified gross receipts tax liability for the 2008 tax year and the taxpayer's modified gross receipts tax liability if the taxpayer had been allowed to deduct 100% of the federal and state excise taxes on or for such cigarettes or tobacco products under subtitle E of the internal revenue code or other applicable state law under section 111(1)(aa)(ii) rather than 60%.  (b) The difference between the taxpayer's modified gross receipts tax liability for the 2009 tax year and the taxpayer's modified gross receipts tax liability if the taxpayer had been allowed to deduct 100% of the federal and state excise taxes on or for such cigarettes or tobacco products under subtitle E of the internal revenue code or other applicable state law under section 111(1)(aa)(ii) rather than 75%.  (2) If the amount of the credit allowed under this section exceeds the tax liability of the taxpayer for the tax year, that excess shall be refunded. History: Add. 2010, Act 200, Imd. Eff. Oct. 5, 2010