Michigan Treasury Prorates 2025 R&D Credits for Large, Small Employers

The Michigan Department of Treasury published a notice regarding the proration of research and development tax credits for the 2025 tax year. The notice provides that due to the total tentative claims exceeding the $100 million statutory cap, with small employer claims exceeding $25 million but not up to 25 percent of total claims, large employer claims will be prorated at 50.96 percent and small employer claims at 59.88 percent of the tentative claim amounts. [Mich. Dep’t of Treasury, Research and Development Credit Proration Notice for Credits Based on 2025 Expenses, 04/24/26]

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