Hybrid Electric Vehicle Research and Development Tax Credit

Repealed: 05/25/2011

The following was repealed by Public Act 39, 2011: A taxpayer engaged in research and development of a qualified hybrid system that has the primary purpose of propelling a motor vehicle may claim a tax credit under the Michigan Business Tax through December 31, 2015. This tax credit is equal to 3.9% of all wages, salaries, fees, bonuses, commissions, or other payments made in the taxable year on behalf of or for the benefit of employees for services performed in a qualified facility. The maximum amount of credit allowed for any one taxpayer is $2 million per tax year. (Reference (Reference Michigan Compiled Laws 208.1101-208.1601)

Jurisdiction: Michigan

Type: State Incentives

Enacted: Dec 27, 2007

Technologies: HEVs, PHEVs

See all Michigan Laws and Incentives.