4587: Schedule of Recapture of Certain Business Tax Credits (2025)
Michigan · Michigan Treasury · Used for tax years 2025
Michigan Form 4587 is a schedule for reporting the recapture of certain previously claimed Michigan Business Tax credits and deductions. It totals the recapture amounts to carry to Form 4567, Form 4588, or Form 4590.
Who files this form
Complete Michigan Form 4587 for tax year 2025 if you have a recapture of any previous tax credit or deduction listed on the schedule.
The listed items include the MEGA Employment, MEGA Federal Contract, MEGA Photovoltaic Technology, MBT Brownfield Redevelopment, Film Infrastructure, Anchor Company Payroll, and Anchor Company Taxable Value credits, Qualified Affordable Housing deductions, and certain MEGA Battery credits.
What you'll need
Have the following information available, as applicable:
- Your taxpayer name and Federal Employer Identification Number (FEIN) or TR Number.
- Recapture amounts for the credits and deductions that apply to you.
- Form 4584, line 47, for MBT Brownfield Redevelopment Credit recapture.
- For Film Infrastructure Credit recapture, asset descriptions, cities, acquisition and sale dates, gross sales prices, and gains or losses.
- Form 4567, line 11c, for the apportionment percentage if you are taxable in another state and must complete lines 8d and 8e.
- Applicable Battery Credit codes for lines 12b and 12c.
Common mistakes
- Do not enter amounts on expired recapture lines 1, 2b, 2c, 3, or 6. The form says to leave them blank and follow the skip directions.
- Do not overlook the warning that a loss in line 8b, column F, increases recapture. Follow the separate gain and loss directions for adjusted proceeds.
- Complete lines 8d and 8e only if taxable in another state. Otherwise, skip to line 8f.
- Use MM-DD-YYYY for acquisition and sale dates in the Film Infrastructure Credit table.
Questions people ask
Where does the total recapture amount go?
Add lines 2a, 4, 5, 7, 8f, 9, 10, 11, and 12a on line 13. Carry that amount to Form 4567, line 56; Form 4588, line 26; or Form 4590, line 29.
Which assets belong in the Film Infrastructure Credit table?
For the 2025 schedule, line 8a asks for all eligible depreciable tangible assets located in Michigan that were acquired in a tax year beginning after December 31, 2007, and sold or otherwise disposed of during the tax year.
How is Film Infrastructure Credit recapture calculated?
Line 8f directs you to multiply adjusted proceeds from line 8c or apportioned adjusted proceeds from line 8e by 25% (0.25).
Which MEGA Battery credits are covered by line 12?
Line 12 covers recapture of the MEGA Battery Manufacturing Facility Credit, MEGA Large Scale Battery Credit, and MEGA Advanced Lithium Ion Battery Credit. Enter total recapture on line 12a and Battery Credit codes on lines 12b and 12c.