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Tax & Assurance Guidance

Filing Deadline Extended for Manufacturing Personal Property Tax Exemption

Posted on May 20, 2016 by

Margaret Amsden

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May 31, 2016: New Extended Deadline for Eligible Manufacturing Personal Property (EMPP) Tax Exemption Filing

The deadline for eligible taxpayers that failed to file or filed an incomplete Form 5278 in February with their local assessor to claim the EMPP exemption for 2016 has been extended until Tuesday, May 31, 2016.

Form 5278 must be filled out completely and be received by the local assessor by the May 31, 2016 deadline. Postmarks are not acceptable. Form 5278 can be accessed online at the Michigan Department of Treasury’s website www.michigan.gov/esa. The electronic Essential Services Assessment (ESA) Statement for those using the extended deadline will be available by June 30, 2016 for certifying and paying the ESA tax on the Treasury Online (MTO) website.

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Margaret Amsden

Shareholder, Private Client Services

Margaret leads the firm’s private client services group as the point person for individual, estate and succession planning tax strategies.

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Is Immediate R&D Expensing on The Horizon?

For the first time since 1953, taxpayers are not allowed an immediate deduction for R&E expenses and instead must capitalize and amortize such expenses. On March 17, 2023 a stand-alone bipartisan bill was reintroduced which would allow immediate expensing of R&D. Learn what this means for taxpayers.