Examples of Michigan economic growth authority in a sentence
For tax years that begin on or after January 1, 2012 and end before January 1, 2015, a taxpayer that has entered into an agreement with the Michigan economic growth authority that provides that the taxpayer will increase its engineering activities in this state for advanced automotive battery technologies may claim a credit under this subsection.
The Michigan economic growth authority shall appoint a review board to advise it about decisions concerning credits under subsection (5).
The Michigan economic growth authority may enter into not more than 1 agreement for advanced battery engineering credits, and the total value of credits available under this subsection is limited to $30,000,000.00.
The taxpayer must submit to the Michigan economic growth authority an affidavit certifying the amount of qualified advanced battery engineering expenses for each year.
The Michigan economic growth authority may enter into more than 1 agreement under this section.
The Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.
This credit shall not exceed $15,000,000.00 per year as agreed to and certified by the Michigan economic growth authority.
A taxpayer shall not claim a credit under this section unless the Michigan economic growth authority has issued a certificate to the taxpayer.
Subject to the limitations provided under this section, for tax years that begin on or after January 1, 2010 and end before January 1, 2015, a taxpayer that has entered into an agreement with the Michigan economic growth authority that provides that the taxpayer will manufacture plug-in traction battery packs in this state may claim a credit against the tax imposed by this act for the manufacture of those plug-in traction battery packs as provided in this section.
The Michigan economic growth authority may not authorize more than $90,000,000.00 in total credits to all taxpayers under this subsection.