Michigan Treasury Announces No MBT Credits for Education Foundations in 2026

The Michigan Department of Treasury published a revenue bulletin announcing that no education foundations have been certified as eligible for Michigan Business Tax (MBT) credits for tax year 2026. Under Section 425 of the Michigan Business Tax Act, qualifying business taxpayers who elect to file returns under the MBTA may claim a non-refundable credit equal to 50 percent of their contributions to certified education foundation endowment funds, subject to caps of $5,000 or 5 percent of tax liability, whichever is less. However, since no education foundations received certification for tax year 2026 and no additional applications for certification will be ...