Manufacturers’ Purchase Credit (MPC)
The purpose of this program is to increase investments in the manufacturing and graphic arts sector by allowing qualified businesses to earn purchase credits to pay sales or use tax on future purchases of machinery or graphic arts equipment.
| Program Details |
| Program Description: |
Qualified manufacturers may earn a credit equal to half of the 6.25% state tax by purchasing manufacturing or graphic arts machinery or equipment that qualifies for existing sales/use tax exemptions. Credits may be used to pay state sales taxes or use tax on future purchase of qualifying production-related tangible personable property. |
| Eligibility: |
Purchased equipment must qualified for existing sales/use tax exemptions, including items for research and development and purchased equipment to be leased out to other companies. |
| Term: |
All used MPC expires on the last day of the second calendar year following the year in which the original tax-exempt purchase was made. |
| Application Process: |
All used MPC expires on the last day of the second calendar year following the year in which the original tax-exempt purchase was made.
For assistance with the application process, contact Bill Whitmer, Vice President of Economic Development, Lake County Partners at (847) 247-0137 or wwhitmer@lakecountypartners.com.
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| More Information: |
MPC Tax Forms and Instructions |
Note: This program overview is intended as a reference only. Some details may have changed since publication and/or not be reflected in the description. For specific application of this program, please contact Lake County Partners at (847) 247-0137.
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