MCL 211.19 states that all businesses must complete and file a personal property statement form 632 (L-4175) to the City or Township where the personal property is located on or before February 20th of each year. Personal property includes machinery, equipment, computers, furniture, signs, etc. used by the business.
Recent change in personal property taxation may exempt certain personal property owners from this property tax. The change created two possible ways to receive the exemption both require filing form 5076, each of the two possible exemptions listed below.
Situation “A”) If the combined total personal property under their CONTROL (possession) different from OWNED is less than 80,000. The business owner is required to file an affidavit form number 5076 to claim exemption from property tax. This is a onetime filing, and the exemption remains until the owner files an affidavit rescinding the exemption.
Situation “B”) NEW – Beginning with the 2023 filing season, for personal property owners, if the combined total value of personal property under their CONTROL (possession) different from OWNED is GREATER than 80,000 AND is less than 180,000 the business owner may ANNUALLY file an affidavit form number 5076 AND form number 632 (L-4175) Personal Property Statement to claim exemption from property tax for that year. This exemption requires an annual filing of both forms.
See below for links to forms and information
State Tax Commission Guide To Small Business Taxpayer Exemption
2024 Personal Property Form 2699 L-4143 Statement of Qualified Personal Property
2024 Personal Property Form 5076f 2024 Small Business Exemption 211.9o
2024 Personal Property Form 5278 (EMPP Combined Document)
2024 Personal Property Form 632 – 2024 Personal Property Statement
Personal Property State Tax Commission FAQ
2023 Personal Property EMPP ESA Topic 21 2023 Changes