PDF
Word
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 the Form 5278?A: The Form 5278 is a combined 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 relief program in Michigan that provides an exemption on certain personal property used in manufacturing.
Q: What is the Personal Property Statement?A: The Personal Property Statement is a section of the Form 5278 where taxpayers provide information about their personal property assets.
Q: What is the Report of Fair Market Value?A: The Report of Fair Market Value is another section of the Form 5278 where taxpayers report the fair market value of their qualified new and previously existing personal property.
Q: Who is eligible for the exemption?A: Manufacturers and certain other businesses engaged in industrial processing or research and development are eligible for the exemption.
Q: What is the purpose of the exemption?A: The purpose of the exemption is to encourage investment in manufacturing and other eligible industries in Michigan.
Form Details:
- Released on September 1, 2022;
- 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
1
2
3
4
5
6
