Michigan and Huron Township are good for business. There are many reasons Huron Township, Michigan is good for business. The state of Michigan is ranked as a Top 10 Pro-Business State and as a Top 10 state for major new and expanded corporate facilities. Michigan’s competitiveness is due in part to the simple, fair and efficient […]
There are many incentives and tax credits to Michigan businesses if you know where to look.
Michigan businesses can benefit greatly from rebates and incentives from Consumers Energy for upgrading to efficient lighting, kitchen appliances, refrigeration, laundry, HVAC equipment and insulation. They also offer a variety of specialty programs custom solutions that may just be the perfect fit more unique businesses. For instance, businesses can receive a $1.80 tax deduction for each square foot for those who install lighting, heating, cooling, ventilation and hot water systems that reduce the building total energy and power cost by 50 percent.
According to the IRS, your general business credit for the year consists of your carry forward of business credits from prior years plus the total of your current year business tax credits. In addition, your general business credit for the current year may be increased later by the carry back of business credits from later years. You can subtract this credit directly from your tax. To find the Form you need here.