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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 5278
for the current year.
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 is the Eligible Manufacturing Personal Property Tax Exemption?
A: The Eligible Manufacturing Personal Property Tax Exemption is a tax benefit offered in Michigan to eligible manufacturing businesses.
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 needs to file Form 5278?
A: Manufacturing businesses in Michigan that meet the eligibility criteria need to file Form 5278.
Q: What information is required in Form 5278?
A: Form 5278 requires information about the manufacturing business, details of qualified personal property, and fair market value of the property.
Q: Are there any deadlines for filing Form 5278?
A: Yes, Form 5278 needs to be filed annually by February 20th.
Q: Can I claim the manufacturing personal property tax exemption if I am not eligible?
A: No, the manufacturing personal property tax exemption is only available to eligible manufacturing businesses in Michigan.
Q: What is the purpose of the Personal Property Statement in Form 5278?
A: The Personal Property Statement provides details of the qualified personal property owned by the manufacturing business.
Q: What is the purpose of the Report of Fair Market Value in Form 5278?
A: The Report of Fair Market Value provides an estimation of the fair market value for the qualified personal property.
Form Details:
- Released on July 1, 2019;
- The latest edition provided by the Michigan Department of Treasury;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 5278 by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.
Download 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
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