Form 2699 (L-4143) "Statement of "qualified Personal Property" by a "qualified Business"" - Michigan

What Is Form 2699 (L-4143)?

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.

Form Details:

  • Released on July 1, 2018;
  • 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;

Download a fillable version of Form 2699 (L-4143) by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.

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Download Form 2699 (L-4143) "Statement of "qualified Personal Property" by a "qualified Business"" - Michigan

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Michigan Department of Treasury
L-4143
2699 (Rev. 07-18)
2019 Statement of "Qualified Personal Property"
by a "Qualified Business" (as of 12-31-18)
This form is issued under authority of the General Property Tax Act (P.A. 206 of 1893). This statement is subject to audit.
INSTRUCTIONS: This form must be completed and filed with the assessor no later than February 1, 2019. A "qualified business" (defined
on page 2) that wishes to have users be assessed for "Qualified Personal Property" (defined on page 2) in 2019 must complete this form
and file it with the assessor no later than February 1, 2019. If this form is not filed by February 1, 2019, or if property is not included on the
form, then the property is assessable in 2019 to the company that makes the property available, rather than to the user. This statement
must be filed in each township and city where property is located using the format below. This statement must have assets grouped (in
alphabetical order) by the user responsible for paying tax. You may not list property subject to an agreement (frequently titled a
lease) entered into before January 1, 1994. The "qualified business" must also file Form 632 (L-4175), Personal Property
Statement, if it is the owner of property that is not "qualified property" or if the assessor sends a Form 632 (L-4175) for
completion.
Name of "Qualified Business"
Mailing Address (Street or RR#, City, State, ZIP Code)
Is the "Qualified Business" a manufacturer of personal property?
(See instruction #2)
Telephone Number
Yes
No
Name of Person to Contact
Place where records are kept
Telephone Number
Name of Township or City where the property is located on December 31, 2018
Periodic
Frequency of
User's Name and Street Address
Description of Equipment
Purchase Price
Year of
Payment
Payment
Where Property is Located (see inst. #4)
and Model or Serial No.
(see inst. #3)
Purchase
by User
(see inst. #5)
Attach additional schedules on Form 2807 (L-4143a), if necessary, following the same reporting format.
Notary Public, State of Michigan
ss
County of ______________________________________________
I, _______________________________________________________,
being duly sworn, depose and say that the company
which I represent is a qualified business as defined in Section 8a of P.A. 206 of 1893, as amended and that the personal
property reported on this form is qualified personal property as defined in Section 8a of P.A. 206 of 1893, as amended.
Subscribed and sworn to before me this ___________________
Signed _______________________________________________
day of ____________________________________, 20 ______
Title _________________________________________________
Must be Signed by Owner, Partner or Corporate Officer or a duly
___________________________________________________
authorized agent.
My Commission Expires _______________________________
Signature of Preparer ___________________________________
Reset Form
Michigan Department of Treasury
L-4143
2699 (Rev. 07-18)
2019 Statement of "Qualified Personal Property"
by a "Qualified Business" (as of 12-31-18)
This form is issued under authority of the General Property Tax Act (P.A. 206 of 1893). This statement is subject to audit.
INSTRUCTIONS: This form must be completed and filed with the assessor no later than February 1, 2019. A "qualified business" (defined
on page 2) that wishes to have users be assessed for "Qualified Personal Property" (defined on page 2) in 2019 must complete this form
and file it with the assessor no later than February 1, 2019. If this form is not filed by February 1, 2019, or if property is not included on the
form, then the property is assessable in 2019 to the company that makes the property available, rather than to the user. This statement
must be filed in each township and city where property is located using the format below. This statement must have assets grouped (in
alphabetical order) by the user responsible for paying tax. You may not list property subject to an agreement (frequently titled a
lease) entered into before January 1, 1994. The "qualified business" must also file Form 632 (L-4175), Personal Property
Statement, if it is the owner of property that is not "qualified property" or if the assessor sends a Form 632 (L-4175) for
completion.
Name of "Qualified Business"
Mailing Address (Street or RR#, City, State, ZIP Code)
Is the "Qualified Business" a manufacturer of personal property?
(See instruction #2)
Telephone Number
Yes
No
Name of Person to Contact
Place where records are kept
Telephone Number
Name of Township or City where the property is located on December 31, 2018
Periodic
Frequency of
User's Name and Street Address
Description of Equipment
Purchase Price
Year of
Payment
Payment
Where Property is Located (see inst. #4)
and Model or Serial No.
(see inst. #3)
Purchase
by User
(see inst. #5)
Attach additional schedules on Form 2807 (L-4143a), if necessary, following the same reporting format.
Notary Public, State of Michigan
ss
County of ______________________________________________
I, _______________________________________________________,
being duly sworn, depose and say that the company
which I represent is a qualified business as defined in Section 8a of P.A. 206 of 1893, as amended and that the personal
property reported on this form is qualified personal property as defined in Section 8a of P.A. 206 of 1893, as amended.
Subscribed and sworn to before me this ___________________
Signed _______________________________________________
day of ____________________________________, 20 ______
Title _________________________________________________
Must be Signed by Owner, Partner or Corporate Officer or a duly
___________________________________________________
authorized agent.
My Commission Expires _______________________________
Signature of Preparer ___________________________________
2699, Page 2
Instructions for Completing Form 2699 (L-4143)
2019 Statement of “Qualified Personal Property” by a “Qualified Business”
“Qualified personal property” made available by a
(B) It is property that is subject to an agreement
“qualified business” may be assessed to its user
(frequently titled a lease) entered into after
provided this form is completed and filed with the
December 31, 1993. Additionally, the agreement must
assessor no later than February 1, 2019. Read the
meet the following four (4) requirements:
following instructions to determine whether you are
a “qualified business” and whether your personal
(a) It must be for a noncancelable term of 12 months
property is “qualified personal property.”
or more.
(1) DEFINITIONS:
(b) The party that becomes the user or possessor of
the personal property must be engaged in a for-profit
“Qualified Business” is a business that meets the
business.
following two (2) requirements:
(c) The user or possessor can obtain legal title to the
(A) It is a for-profit business.
property by making all of the periodic payments or
by making all of the periodic payments plus a final
(B) It obtains services relating to the business from 30
payment if the final payment is less than the true cash
or fewer employees during a week selected at random
value of the property. The true cash value is determined
annually by the State Tax Commission no later than
by using the personal property multipliers on Form 632
January 15. “Employees” means persons who perform
(L-4175), Personal Property Statement.
a service for wages or other remuneration under a
contract of hire, written or oral, expressed or implied.
(d) The agreement must require the user or possessor
“Employees” includes employees of independent
of the property to report the properties to the assessor
contractors performing services substantially similar
on a personal property statement on or before February
to employees. If a person is an entity under common
20 and must require the user to pay the property tax.
control or is a member of an affiliated group as those
terms are defined below, the number of employees from
(2) If the “qualified business” is the manufacturer of
whom services are obtained includes all employees of
the personal property that is made available for use
the group and of independent contractors of the group
by another, the “qualified business” must report the
rendering services to the qualified business.
original selling price in the “Purchase Price” column. If
there is no original selling price, the qualified business
An “affiliated group” means two or more corporations,
must report the original cost. See also instruction # 3.
one of which owns or controls, directly or indirectly,
80% or more of the capital stock with voting rights of
(3) Purchase price must include sales tax, freight, and
the other corporation or corporations.
installation.
An “entity under common control” — is as defined in
(4) The location of the property is as indicated in the
the Michigan Revenue Administrative Bulletin 1989-
records of the “qualified business.”
48. You may obtain a copy from Treasury's website at
www.michigan.gov/treasury.
(5) You may list “Mo” for monthly or “Yr” for yearly.
“Qualified Personal Property” is property that meets
the following two requirements:
(A) It is property on which a retail sales tax has been
paid or on which liability accrued at the same time as
the user acquired possession of the property or on
which sales tax would be payable if the property was
not exempt from the tax.
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