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Post details: Michigan --Corporate Income Tax: Credits for Automobile Alternative Power Enacted
01/20/09
Michigan --Corporate Income Tax: Credits for Automobile Alternative Power Enacted
CCH (cch.taxgroup.com) reports:
Four new credits for automobile alternative power may be claimed against the Michigan business tax. The credits are for (1) the manufacturing of plug-in traction battery packs, (2) expenses for vehicle engineering, (3) engineering activities for advanced automotive battery technologies, and (4) the construction of an integrative cell manufacturing facility.
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