5 Tax Credits & Incentives For Michigan BusinessesThere are many incentives and tax credits for Michigan businesses, if you know where to look for them.
House OKs Repeal Of Inadvertent Auto Insurance Tax Credit"This is the biggest and worst example of corporate welfare I have ever seen," said House Appropriations Committee Chairman Al Pscholka.
Michigan, Fiat Chrysler Reach Deal On Tax CreditsThe deal, the second with a Detroit Three automaker this year, is designed to help Michigan get a better handle on billions in tax incentives given to keep auto jobs in the state, primarily during the economic downturn.
Democrats Propose Nearly $1B In Middle-Class Tax CreditsThe plan unveiled Monday would give households making up to $100,000 a year a $400 tax credit for each child under age 14 and a state-level dependent care credit tied to a federal credit.
Michigan Tax Credit For Low-Wage Earners May Be EliminatedHouse Republicans voted last week to end the earned income tax credit as part of a $1.2 billion road-funding plan, saving at least $115 million a year.
Michigan House Committee Looks At Eliminating Tax Credit To Fund RoadsBackers say the overall package would eventually generate at least $1 billion a year for funding the roads.
Michigan Panel OKs Tax Cut For Homeowners, RentersThe credit is worth up to $1,200 and is more substantial for seniors and lower-income earners.
Some Mich. Charities Say Tax Changes Hit DonationsSome charitable organizations in Michigan have reported a decline in donations following tax changes that eliminated state credits for financial gifts to food banks, homeless shelters and certain nonprofits.
Plenty Of Changes For Tax Filers This YearExperts recommend using some type of guidance to navigate forms and maximize your returns.
Michigan Lawmakers Mull Fetus Tax CreditShould Michigan residents get a tax credit for a child before it is born?
Local Officials Skeptical Of Michigan Biz Tax CutsRepublican lawmakers have long wanted to get rid of a tax on equipment they say is keeping manufacturers from hiring more workers. But there's a hitch, since many local officials don't trust lawmakers to make up the lost funds.
Mich. Residents Can Apply For Home Heating CreditsThe Michigan Department of Treasury has begun processing home heating credits for low-income residents.