Michigan Personal Property Tax

Michigan forms and schedules

Calculating forms:
Form 632 (formerly L-4175) — Personal Property Statement
Form 5076 — Affidavit of Owner of Eligible Personal Property Claiming Exemption from Collection of Taxes
Form 5278 — Eligible Manufacturing Personal Property Tax Exemption Claim, Ad Valorem Personal Property Statement, and Report of Fair Market Value of Qualified New and Previously Existing Personal Property (Combined Document)
Form 5277 — Affidavit to Rescind Exemption of Eligible Manufacturing Personal Property Defined in MCL 211.9(m) and 211.9(n)
Form 5328 — Essential Services Assessment Annual Return
note
Form 5328 is the only form that you can file electronically, and it needs to be electronically filed or filed on the Michigan Treasury Online website.
Form 5352 — E-file Authorization for the Essential Services Assessment (ESA)
Form 2698 — Idle Equipment, Obsolete Equipment, and Surplus Equipment Report
Form 3966 — Taxpayer Report of Personal Property "move-ins" of used equipment
Non-calculating forms:
Form 3589 — Cable Television and Utility Personal Property Report
Form 3427 — Application for Exemption of New Personal Property
Form 3595 — Itemized Listing of Daily Rental Property
Form 3612 — Itemized Listing of Daily Rental Property (for Additional Reporting)
Form 4226 — Affidavit Filed by a Qualified Start-up Business for Claiming Property Tax Exemption
Form 4452 — Cellular (Wireless) Site Equipment Personal Property Report
Form 5201 — Taxpayer Report of Personal Property Which Will Be Claimed as Eligible Personal Property
Form 5467 — Election of Lessee Report of Eligible Manufacturing Personal Property

Depreciation treatments required for all MI PPT assets

Associations required for all MI PPT assets

Situs:
For each asset, you'll need to select
Michigan
in the
Situs
field to transfer to the Michigan Personal Property Tax return.
Location ID#:
Enter the parcel number for the location filing the property tax return. A property tax return is created for each
Location ID#
entered. This information transfers to the
Parcel Number
field on Forms 632, 5076, 5278, 5277, and 5328. A maximum of 20 characters will transfer.
City - MI (For UltraTax CS 2015 and prior years):
Select the city the asset is located in from the dropdown list. UltraTax CS uses this information to determine an approximate tax rate for the filing instructions. (For UltraTax CS 2015 and prior years.)
note
These associations are maintained by UltraTax CS and Fixed Assets CS and can't be modified.
PPT type - MI:
Select the personal property type for the asset from the dropdown list. Assets with the following property types transfer to Form 632 if the
Qualified for Essential Services Assessment return
checkbox is marked on the MLGen or MLReturn screen in UltraTax CS.
Section A - Furniture & fixtures.
Section B - Machinery & equipment.
Section C - Rental videotapes & games.
Section D - Office, electronic, video, & testing equip.
Section E - Consumer coin operated equipmen.t
Section F - Computer equipment.
Section H - Assessable tooling.
Section M - Leasehold improvements.
Special tools to be excluded.
X - Exempt - certificate.
note
These associations are maintained by UltraTax CS and Fixed Assets CS and can't be modified. If the association fields are left blank or you select
X - Exempt
, the asset won't transfer to Form 632.

Additional associations for MI PPT assets

License/reg/cert date:
Enter the
license/reg/cert date
for assets that are exempt with a certificate. This information transfers to Form 632, Page 1, line 2.
License/reg/cert#:
Enter the
license/reg/cert#
for assets that are exempt with a certificate. This information transfers to Form 632, Page 1, line 2. The maximum number of characters that transfer is 20.
Orig acq cost (used):
Enter the original cost for a used asset. For this information to properly transfer, you need to designate the asset as used in the
Asset Detail
window.
Orig date in svc (used):
Enter the original date in service for a used asset. For this information to properly transfer, you need to designate the asset as used in the
Asset Detail
window.
STC Multiplier - MI:
Enter the STC Multiplier for assets that are coded as PPT type - MI Section M - Leasehold improvements.
note
The list for this association is not maintained by UltraTax CS and Fixed Assets CS and can be modified. The information entered needs to be numeric and may include a decimal with up to 2 places.
Report on 2698-MI:
Mark this checkbox to indicate the asset is idle, obsolete, or surplus equipment.
Move-Ins - MI:
Mark this checkbox to indicate the asset is categorized as
Move-Ins
used equipment for Form 3966.