2010 House Bill 6288

Broaden use of MBT “carryforwards”

Introduced in the House

June 23, 2010

Introduced by Rep. Richard LeBlanc (D-18)

To expand the “carry-forwardability” of certain tax credits authorized in the Michigan Business Tax. “Carry-forwards” happen when a firm is granted a non-refundable tax break larger than its total tax liability for one year, and is allowed to “carry forward” the unused portion of the credit to offset future tax year taxes..

Referred to the Committee on Tax Policy