MI HB4365

Allows taxpayers who received tax voucher certificates under the Michigan Early Stage Venture Investment Act of 2003 to use them to pay liabilities under the Michigan Business Tax for tax years beginning after December 31, 2008.

Caps the total amount of all tax voucher certificates approved under this section, former section 37e of 1975 PA 228, and the Early Stage Venture Investment Act at $450,000,000.

Prohibits the department from approving new tax voucher certificates after December 31, 2015.

Limits tax voucher certificates approved for use in any single tax year to no more than 25% of the total amount of all approved certificates.

Permits taxpayers to carry forward unused tax voucher amounts to future tax years and allows transfer of tax voucher certificates to other eligible taxpayers under specified conditions.