Form 5278 Eligible Manufacturing Personal Property Tax Exemption Claim, Personal Property Statement, and Report of Fair Market Value of Qualified New and Previously Existing Personal Property (Combined Document) - Michigan

What Is Form 5278?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 5278?
A: Form 5278 is a document used in Michigan for claiming the Eligible Manufacturing Personal Property Tax Exemption.

Q: What does Form 5278 include?
A: Form 5278 includes the Eligible Manufacturing Personal Property Tax Exemption Claim, Personal Property Statement, and Report of Fair Market Value of Qualified New and Previously Existing Personal Property.

Q: Who can claim the Eligible Manufacturing Personal Property Tax Exemption?
A: Manufacturing businesses in Michigan are eligible to claim the personal property tax exemption.

Q: What is the purpose of the Personal Property Statement?
A: The Personal Property Statement is used to report information about the eligible manufacturing personal property.

Q: What is the Report of Fair Market Value used for?
A: The Report of Fair Market Value is used to determine the taxable value of the qualified new and previously existing personal property.