Form 4507 Application for Commercial Rehabilitation Exemption Certificate - Michigan

What Is Form 4507?

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 4507?A: Form 4507 is the Application for Commercial Rehabilitation Exemption Certificate in Michigan.

Q: What is the purpose of Form 4507?A: The purpose of Form 4507 is to apply for a Commercial Rehabilitation Exemption Certificate, which provides certain tax exemptions for commercial rehabilitation projects in Michigan.

Q: Who needs to fill out Form 4507?A: Property owners or developers undertaking commercial rehabilitation projects in Michigan need to fill out Form 4507.

Q: What information do I need to complete Form 4507?A: You will need to provide details about the property, the rehabilitation project, estimated costs, and any other required documentation.

Q: Are there any fees associated with filing Form 4507?A: Yes, there is a nonrefundable filing fee that must be submitted along with the completed form.

Q: How long does it take to process Form 4507?A: The processing time for Form 4507 can vary, but it generally takes several weeks to review and make a determination on the application.

Q: What are the benefits of obtaining a Commercial Rehabilitation Exemption Certificate?A: The benefits include property tax exemptions or reductions for a specified period of time, which can help offset the costs of the rehabilitation project.