UHY Advisors understands that companies may be interested in a broad range of incentives and credits. The company may wish to engage us to assist with identifying, negotiating and securing state and local economic or government incentives that may be available. Our phased approach to Negotiated Incentives Services includes the general steps below. Our engagement letter will include a more detailed list of tasks and steps.
The Michigan Legislature has passed Public Act 282 of 2014 that retroactively repeals the Multistate Tax Compact (MTC) and makes changes to the Michigan Business Tax (MBT). More so, the legislation negates the effect of Michigan's Supreme Court's recent ruling in the IBM case (International Business Machines v. Michigan Dept. of Treasury ("IBM") and the potential refund claims resulting from the court decision.