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Funding Resources
Funding Resources
| MI Refundable Payroll 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) |
| Critical Information | Businesses certified by the NextEnergy Authority that locate in the NextEnergy Zone of Detroit to develop "alternative energy technologies," as defined by the Michigan Next Energy Authority Act, may claim a credit for the their qualified payroll amount. If the credit exceeds the tax liability of the business for the tax year, the portion of the credit exceeding the tax liability will be refunded. |
| Start Date | 1/1/2008 |
| End Date | 12/31/2012 |
| Minimum Efficiency (%) |
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| Additional Information | This credit initially took effect beginning in 2003 and was scheduled to expire at the end of 2007 with the repeal of MCL § 208.39e. In 2007 however, it was renewed as part of a larger reworking of state business taxing policy. The Michigan Strategic Fund designated the NextAuthority Zone a Renaissance Zone in 2002. Businesses located within this zone may be eligible for additional tax benefits. Contact the NextEnergy Center for more information. The NextEnergy Zone, located in Detroit at Wayne State University Research and Technology Park, is home of the 40,000-square-foot NextEnergy Center. The center includes laboratory facilities, business incubator space, collaborative meeting space and other facilities that will support Michigan's alternative-energy industry. |
| Web Site |
http://medc.michigan.org/ cm/attach/F815CBED-04EB-4D6D-98C0-E0634C2536D0/ GuidebookJune17.pdf  |
| Additional Web Site |
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=MI07F&re=1&ee=1 |
| Primary Contact |
Public Information-MEDC 300 North Washington Square Lansing, MI 48913 U.S.A. Public Information-MEDC (medcservices@michigan.org) (888) 522-0103 |