Form 4572 - Michigan Business Tax Charitable Contribution Credits

Instructions for Form 4572

Michigan Business Tax (MBT) Charitable Contribution Credits

qualifies for this credit, a taxpayer that also is subject to the

Purpose

Michigan Income Tax Act (PA 281 of 1967) may choose to

To allow standard taxpayers to claim the charitable contribution

claim a credit on the Individual Income Tax return or the MBT

credits. Credits are calculated here and then carried to the MBT

return, but not both.

Nonrefundable Credits Summary (Form 4568).

PUBLIC CONTRIBUTION CREDIT

NOTE: Financial institutions and insurance companies are not

A partial credit is allowed for Corporations and Partnerships

(and Limited Liability Companies federally taxed as such) when

eligible for these credits.

NOTE: Beginning January 1, 2012, only those taxpayers

donations are made during the taxable year to public broadcast

with a certificated credit, which is awarded but not yet fully

stations located in Michigan, Michigan public libraries,

institutions of higher learning located in Michigan or a nonprofit

claimed or utilized, may elect to be MBT taxpayers. If a

taxpayer files an MBT return and claims a certificated credit,

corporation, fund, foundation, trust, or association organized

and operated exclusively for the benefit of an institution of

the taxpayer makes the election to file and pay under the MBT

until the certificated credit and any carryforward of that credit

higher learning, the Michigan Colleges Foundation, and the

Michigan Housing and Community Development Fund. A

are exhausted. A taxpayer making a valid certificated credit

taxpayer that also is subject to the Michigan Income Tax Act

election may also claim the credits on this form.

(PA 281 of 1967) may not claim this credit under the MBT.

Special Instructions for Unitary Business Groups

ARTS AND CULTURE CREDIT

Credits are generally earned and calculated on a group basis,

A partial credit is allowed when donations are made to either of

unless the relevant statute contains entity-specific provisions.

the following:

These credits, including the ceilings on these credits, are

• Category A: A municipality or a nonprofit corporation

calculated on a group basis.

affiliated with a municipality and an art, historical, or

Complete one Form 4572 for the group.

zoological institute for the purpose of benefiting the art,

historical, or zoological institute, OR

Line-by-Line Instructions

• Category B: An institute devoted to the procurement, care,

Lines not listed are explained on the form.

study, and display of objects of lasting interest or value.

Name and Account Number: Enter name and account number

To calculate the Arts and Culture Credit, a taxpayer may count

as reported on page 1 of the MBT Annual Return (Form 4567).

aggregate contributions to the charities described in Category

A above if those contributions exceed $50,000, as well as

Credits

aggregate contributions to charities described in Category B if

COMMUNITY AND EDUCATION FOUNDATIONS CREDIT

those contributions exceed $50,000. A taxpayer is not precluded

from taking the credit for donations made to both categories as

A partial credit is allowed when donating to the endowment

fund of a certified community foundation or education

long as the taxpayer meets the minimum donation separately for

each category and does not exceed the overall credit limitation of

foundation. A complete list is in the MBT Forms and

Instructions for Standard Taxpayers (Form 4600). If a valid

$100,000.

code is not entered, a credit will not be allowed. If donations

Contributions within a category may be aggregated to reach

were made to more than two foundations, attach a list

the $50,000 minimum. However, contributions made to one

referencing the additional foundations. For a contribution to

category may not be aggregated with contributions to the other

a community foundation endowment, a taxpayer that also is

to reach the $50,000 minimum.

subject to the Michigan Income Tax Act (Public Act (PA) 281

Line 16: Use the worksheet below to calculate the donation

of 1967) may choose to claim a credit on the Individual Income

amount.

Tax return or the MBT return, but not both. A contribution to

an education foundation endowment, however, is available only

If aggregate contributions to Category A institutions

exceed $50,000, enter that aggregate amount here

under the MBT.

If aggregate contributions to Category B institutions

HOMELESS SHELTER/FOOD BANK CREDIT

exceed $50,000, enter that aggregate amount here

A partial credit is allowed when making a cash donation to a

qualifying shelter for homeless persons, food kitchen, food

TOTAL Arts and Culture donation amount .................

bank, or other entity whose primary purpose is to provide

overnight accommodations, food, or meals to indigent persons.

For more information, see Michigan Compiled Law 208.1427,

Include completed Form 4572 as part of the tax return filing.

found online at For a donation that

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Form 4572 - Michigan Business Tax Charitable Contribution Credits - 2013 Page 2

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