This short video looks at two Michigan legislative efforts aimed at startups: a research and development tax credit and a new Bipartisan Innovation Fund.
What this video covers
- House Bills 5100 and 5101 would reinstate and modernize a state R&D tax credit
- House Bills 5651 through 5653 would create a Bipartisan Innovation Fund
- How a credit for research spending could free up capital
- Why these bills matter to Ann Arbor startups in fields such as biotech, mobility, and IT
How could Michigan’s R&D tax credit and Innovation Fund help startups?
According to the companion article, the R&D credit would let eligible businesses claim a portion of their research expenditures against state tax. That matters for research-heavy companies that may operate for years before turning a profit, because tax savings can extend their runway, support lab space, or fund new hires. The article notes that the bills have bipartisan support.
The Innovation Fund is described as a direct investment vehicle that would pool public and private money to seed promising ventures and help early-stage companies get past the proof-of-concept stage. The article describes these as bills, so check their current status and details before relying on them in your planning.
Read the full article: House Bill 5100–5101 and House Bill 5651–5653: Bipartisan Innovation Fund & R&D Tax Credit Implications for Ann Arbor Startups
If your startup is planning around state credits or funding programs, contact Tishkoff PLC through our contact page or call 734.663.4077.
This video and page are for general informational purposes and do not constitute legal advice. Watching the video or reading this page does not create an attorney-client relationship. You should consult counsel for advice on your specific circumstances.