Personal property tax exemption deadline coming soon

MBPA members: Please note that the Michigan Personal Property Tax (PPT) exemption filing deadline is fast approaching – it’s Monday, February 10, 2014.

Under the PPT exemption approved by the Michigan State Legislature in 2012, businesses that own, lease, or possess commercial and industrial personal property with a market value of less than $80,000 may eliminate their 2014 PPT bill. To be eligible, you must file the Michigan Treasury Form 5076 by Monday, Feb. 10 with the local assessor at the governmental unit where your business is located.

View the Form at Michigan.gov

Please be sure to take advantage of this exemption. Your MBPA worked hard with officials in Lansing to get this tax exemption approved in order to help business like yours grow and prosper.