MI HB4548

Amends the Michigan Business Tax Act to allow qualified taxpayers to claim a 25% tax credit for qualified expenditures on historic resource rehabilitation, with separate rules for pre-2009 and post-2008 projects.

Establishes two additional credit programs for 2009-2013: one providing 10-15% credits for projects under $1 million in expenditures and projects over $1 million (subject to Michigan Strategic Fund approval), and another providing up to 15% credits for high community impact projects meeting specific criteria.

Caps additional credits at $8-12 million annually (depending on calendar year) and allows credits to be assigned and reassigned to other taxpayers, with provisions for carryforward, recapture if property is sold or altered within 5 years, and refunds of 90% of excess credits for certain small projects.

Requires Michigan State Housing Development Authority certification of historic significance and rehabilitation completion, with authority to revoke certifications and preapproval letters if rehabilitation is not completed as planned.

Makes taxpayers ineligible for credits if they fail to comply with the Michigan Corporate Responsibility Act or fail to disclose civil or criminal offenses (does not apply to credit assignees).