Filing Deadline for Personal Property Tax Exemption


Due to recent changes in law that are phasing out personal property taxes for businesses, your business may be eligible to eliminate its 2014 Michigan Personal Property Tax bill. However, action is required by February 10, 2014!

Effective December 31, 2013, the new exemption only applies to small commercial and industrial companies that pay personal property taxes with a combined true cash value of less than $80,000.

To be eligible, the taxpayer must file the MI Treasury Form 5076 by February 10, 2014.

Taxpayers not eligible for this exemption are still required to file a Personal Property Statement by February 20.


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CPA Company LLC, 4335 Lake Michigan DR NW, Grand Rapids, MI 49534  616.453.6000