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The Michigan Corporate Income Tax (CIT) was signed into law by Governor Rick Snyder on May 25, 2011. The CIT imposes a 6% corporate income tax on C corporations and taxpayers taxed as corporations federally.
The Corporate Income Tax is effective as of January 1, 2012. The CIT replaces the Michigan Business Tax; however, MBT taxpayers who have received or been assigned certain certificated credits may elect to continue to file under the MBT rather than the new CIT in order to claim such credits.
MTO is the Michigan Department of Treasury's web portal to many business taxes. Treasury is committed to protecting sensitive taxpayer information while providing accessible and exceptional web services.
Michigan’s Corporate Income Tax (CIT) is at a flat rate of 6%. The tax applies to C Corporations and any entity that elects to be taxed as a C corporation. Income is apportioned based 100% on the sales factor.
This Treasury portal offers one place for businesses to manage all their questions. Welcome to eServices Business Taxes. How can we help you? You can login to upload documentation and review responses to prior questions, or ask Treasury account-specific or general questions, or view responses to your questions.
The Corporate Income Tax replaces the Michigan Business Tax and offers a simpler filing process while eliminating a business income tax for some taxpayers.
Introduction to the Michigan Corporate Income Tax Return. The Michigan Corporate Income Tax (CIT) return is prepared for calendar-year, fiscal-year, and short-year corporations. From amounts on the federal return and entries on Michigan worksheets, the following forms and schedules are prepared:
Michigan imposes a corporate income tax (CIT) on corporations and Limited Liability Companies (LLCs) that elect C corp status. Pass-through entities, including S corporations , partnerships , and sole proprietorships , don’t have to pay the CIT.
New Business Tax Guidance. Sales and Use Taxes. PA 20 PA 21. Changes have been made to the taxation of. delivery and installation charges. Learn More. Withholding Tax. Press Release. The 2023 Michigan income tax rate change. was announced on March 29, 2023. Learn More. New Business Registration. Frequently Asked Questions. Business EFT Payments.
Access Michigan Treasury Online to file and pay business taxes, update account information, and view responses to your questions.