MI HB6114

Limits the renaissance zone tax credit under the Michigan Business Tax Act to the 2008, 2009, and 2010 tax years only, establishing a sunset provision for this credit.

Credit amount equals the lesser of: (a) tax liability from renaissance zone business activity, (b) 10% of adjusted services performed in the zone, or (c) for businesses operating in zones before December 31, 2002, a calculation based on prior credits and payroll ratios.

Prohibits taxpayers claiming the credit from employing or compensating state employees or members of the state administrative board and renaissance zone review board whose employment relates to authorizing or enforcing the credit, during the credit period and for 3 years after.

Excludes from credit calculations: tax liability from illegal activity in the zone and business activity related to casino operations or casino-affiliated businesses including parking lots, hotels, motels, and retail stores.

Bill takes effect only if 16 companion bills (HB 5249, HB 6103-6119) are enacted into law.