Acena Consulting, LLC

Acena Consulting Applauds Michigan on the Signing of Their New Michigan R&D Tax Credit

Governor Gretchen Whitmer has signed legislation introducing Michigan's refundable R&D tax credit, effective January 1, 2024. This credit supports innovation by offsetting qualified research expenses, with rates favoring small businesses and startups. Key benefits include up to 15% credit for smaller firms, additional incentives for university partnerships, and cash refunds for businesses without tax liability. - January 16, 2025