Tax Update

Tax Update

Public Acts 261-264 of 2017, signed into law on December 28, 2017 made several changes affecting the Small Business Taxpayer Exemption and the Eligible Manufacturing Personal Property Exemption (EMPP). Some of these changes include changing the filing deadline for Form 5076 to February 20, 2018, changing Form 5076 from an Affidavit to a Statement and allowing assessors to accept a postmark by February 20, 2018 for Form 5278 to claim EMPP exemption. The State revised their forms to reflect these changes. It is possible that some cities and/or townships pre-printed Form 632 that has been mailed to taxpayers has a revision date of 11-17 (November 2017) which does not reflect the December revisions.

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