Small Business Taxpayer Exemption

Small Business Property Tax Exemption Form 5076

Form 5618 Request to Rescind Small Business Property Tax Exemption Claim

Guide to the Small Business Taxpayer Exemption

All qualified business taxpayers must file Form 5076, Small Business Personal Property Taxpayer Exemption by February 22, 2021 to claim the exemption for 2021 and future years.  Postmark is acceptable.  Once granted the exemption will continue until no longer qualified, as defined by MCL 211.9o.

When the taxpayer no longer qualifies for the exemption, the taxpayer is required to file Form 5618, Request to Rescind the Small Business Property Tax Exemption Claim, Under MCL 211.9o, and Form 632, Personal Property Statement no later than the February 20th deadline of the year that the property is no longer eligible.  Failure to file the rescission form will result in significant penalty and interest as prescribed by P.A. 132 of 2018.