Eligible manufacturing PPT exemption deadline extended

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ELIGIBLE MANUFACTURING PERSONAL PROPERTY TAX EXEMPTION DEADLINE EXTENDED

The original filing deadline in February has been extended to Tuesday, May 31, to file Form 5278 or resubmit a Form 5278 that had been denied due to an incomplete form. The form must be received by the local assessor's office by the deadline and postmarks are not acceptable.

Form 5278, "Affidavit and Statement for Eligible Manufacturing Personal Property and Essential Services Assessment (ESA)", is a State specific tax on eligible personal property owned by, leased to or in possession of an eligible claimant as of Dec. 31 of the year immediately preceding the assessment year. The tax is collected by the State, not the local assessor's office. For taxpayers that utilize the extended filing period, the statement will be available for viewing and acceptance through Michigan Treasury Online (MTO system) by June 30, 2016.

For more information or questions on this topic, please contact your professional at UHY LLP in Detroit 313 964 1040, Farmington Hills 248 355 1040 or Sterling Heights 586 254 1040, or visit us on the web at www.uhy-us.com.

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Published by UHY LLP News.

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