Governor Snyder signed legislation today stating that employers with eligible manufacturing personal property can now file for tax exemptions until May 31, 2017.
According to the Michigan Department of Treasury, this Public Act 42 of 2017 establishes a second 2017 filing deadline to file Form 5278 – Eligible Manufacturing Personal Property Tax Exemption Claim, Ad Valorem Personal Property Statement, and Report of Fair Market Value of Qualified New and Previously Existing Personal Property (Combined Document) .
The deadline to file was February 21, 2017.
For those eligible, that did not timely file, they may claim the EMPP exemption no later than May 31, 2017. The form must be received by the assessor on or before the filing deadline. Postmarks are not acceptable.
If the form was filed, but received on or after February 22, 2017, the claimant must refile with the assessor.
Any questions about the Form 5278 Deadline Extension, please contact your accountant or Brian McFarren.