From Michigan Townships Association “Township Insights – September 7, 2018

STC approves forms, small business exemption guide, personal property FAQs

The State Tax Commission (STC) recently approved numerous forms and FAQs:

  • The 2019 Personal Property Tax (PPT) Statement: A copy of the form, known as Form 632, is available on the STC website.
  • The updated Guide to the Small Business Taxpayer Exemption and Form 5076 for 2019: Under PA 132 of 2018, taxpayers do not have to annually file to receive the PPT exemption. Taxpayers who filed for the exemption in prior years must still file Form 5076, Small Business Property Tax Exemption Claim, in 2019 to receive the exemption. Once granted, the assessor will then continue to apply the exemption until the taxpayer files a recession indicating they no longer qualify for the exemption. Assessors can also implement an audit program to determine if taxpayers still qualify for the exemption.

Revised Personal Property Frequently Asked Questions: Changed to reflect the changes to the small business taxpayer exemption as part of PA 132 of 2018.

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