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Funding Resources
Funding Resources
| MI Business Activity Tax Credit | |
|---|---|
| Type of Incentive | Tax |
| Eligible States | MI |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards | |
| Size of Award |
Businesses certified by the NextEnergy Authority that locate in the NextEnergy Zone may claim a nonrefundable credit for the tax year equal to the lesser of: (1) the amount by which a business's "Tax Liability Attributable to Qualified Business Activity" for the tax year exceeds the business's "Baseline Tax Liability Attributable to Qualified Business Activity," or; (2) 10 percent of the amount by which the business's "Adjusted Qualified Business Activity" performed in Michigan, outside of a "Renaissance Zone," for a tax year exceeds such activity for the 2001 year. Under either formula, a business may not claim the credit for any tax year in which its "Tax Liability Attributable to Qualified Business Activity" did not exceed the "Baseline Tax Liability Attributable to Qualified Business Activity" in 2001. |
| Start Date | 1/1/2003 |
| End Date | 1/1/2013 |
| Minimum Efficiency(%) |
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| Additional Information | The NextEnergy Authority legislation was amended in 2006 by SB 583, which expanded the definitions relating to alternative energy technologies. Eligible alternative energy technologies include: fuel cells, PV, biomass, solar thermal heating and cooling, wind energy, CHP, microturbines, miniturbines, Stirling engines, electricity storage systems, and clean fuel energy systems powered by methane, natural gas, methanol, ethanol, or hydrogen. |
| Web Site |
http://www.themedc.org/ redir.ashx?to=http%3A%2F%2Fref.themedc.org%2Fcm%2Fattach%2F75d7a008-450d-4973-a7cc-22cb2f5ee05f%2FMichiganNextEnergyAuth.pdf&from=http%3A%2F%2Fwww.themedc.org%2FProducts-Services%2FA-Z-Programs%2FDefault.aspx  |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=MI15F&state=MI&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
General Information-MEDC 300 North Washington Square Lansing, MI 48913 U.S.A. General Information-MEDC (medcservices@michigan.org) (888) 522-0103 |