Does the purchase of tangible personal property purchased from a source outside of Michigan qualify for the credit if the seller collects and remits Michigan sales or use tax?
No. Only purchases from Michigan vendors qualify for the credit. Generally, that means a vendor that has been in business with a bricks and mortar storefront for at least one year and has at least one fulltime employee. Additionally purchases must be subject to Michigan tax. Paying tax on the transaction, in itself, is not enough to qualify for the credit.
Related Questions
- Does the purchase of tangible personal property purchased from a source outside of Michigan qualify for the credit if the seller collects and remits Michigan sales or use tax?
- If I elect to purchase additional outside service credit (e.g., maternity leave, substitute time, military), will that additional time be computed at the 2.2 percent rate?
- Can a property located outside of Metro Manila still qualify for this loan program?
