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Michigan Property Tax Updates

UPDATED september 2018

Important October 15 Michigan Deadline For EMPP

For qualifying taxpayers, Michigan’s eligible manufacturing personal property (EMPP) exemption can provide significant tax savings.  The Essential Service Assessment, which is a state assessment imposed instead of the ad valorem personal property tax, will usually be modest compared to the ad valorem personal property tax.  However, qualifying taxpayers have multiple deadlines that have to be satisfied to obtain the savings.  Generally, the initial reporting deadline is February 20 each year. The deadline to certify and pay without penalty was August 15th.  If, by October 15, the Michigan Department of Treasury does not receive a certified statement and full payment (including interest and late fees if not paid by August 15), the taxpayer’s EMPP exemption will be rescinded.  For taxpayers who still need to act, they should do so quickly.  Though 2015 was the first year the  exemption took effect, each year taxpayers have missed critical deadlines and lost the personal property tax exemption.

If there are any questions about this, the professionals in Honigman’s tax appeal group are very experienced with Michigan property tax matters, including those involving EMPP.

Sarah Belloli and Stewart Mandell
Honigman, Miller, Schwartz and Cohn LLP

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