5076, Page 2
Instructions for Small Business Property Tax Exemption Claim Under
MCL 211.9o (Form 5076)
MCL 211.9o provides for a personal property tax exemption for “eligible personal property”. This is commonly referred to as the
Small Business Taxpayer Exemption. MCL 211.9o denes “eligible personal property” as meeting all of the following criteria:
• The personal property must be classied as industrial personal property or commercial personal property as dened in MCL 211.34c
or would be classied as industrial personal property or commercial personal property if not exempt and
• The combined true cash value of all industrial personal property and commercial personal property owned by, leased by or in the
possession of the owner or a related entity claiming the exemption is less than $80,000 in the local tax collecting unit and
• The property is not leased to or used by a person that previously owned the property or a person that, directly or indirectly controls,
is controlled by, or under common control with the person that previously owned the property.
In order to claim this exemption, this form must be led with the local unit (City or Township) where the personal property is
located no later than February 20, 2020 (postmark is acceptable). This form IS NOT to be mailed to the Michigan Department of
Treasury or the Michigan State Tax Commission. Please contact the local unit where the personal property is located for their
mailing address. Late led forms may be led directly with the local unit March Board of Review prior to the closure of the March
Board of Review. Taxpayers must contact the local unit directly to determine the March Board of Review dates.
Taxpayers must appear in person or have a representative appear on their behalf in order to late le with the March Board of Review.
Once the exemption is granted, the taxpayer will continue to receive the exemption until they no longer qualify for the
exemption. Once they no longer quality, the taxpayer is required to le a rescission form and a personal property statement
no later than February 20th of the year that the property is no longer eligible. Failure to le the rescission form will result in
signicant penalty and interest as prescribed by P.A. 132 of 2018: “An owner who fails to le a rescission and whose property
is later discovered to be ineligible for the exemption is subject to repayment of any additional taxes with interest at a rate of
1% per month or fraction of a month and penalties computed from the date the taxes were last payable without interest or
penalty.”
This form will exempt property owned only by the entity ling the form. If personal property is leased to or used by an entity other
than the property’s owner, the owner of that personal property must le the form for that property, not the lessee or the user. The
owner may le the form and claim the exemption only if the True Cash Value of all of the commercial or industrial personal property
located within the local tax collecting unit that is owned by, leased to, or in the possession of the owner or a related entity was less
than $80,000 on December 31, 2019.
This form must be lled out in it’s entirety. Failure to ll out the form completely can be cause for denial of the exemption. Taxpayers
should pay particular attention to including contact information, including phone number and email address.
Taxpayers who le Form 5076 are not required to le a Personal Property Statement (Form 632) in the year they are claiming the
exemption.
NOTICE: Questions regarding this form should be directed to the assessor of the city or township where the personal property
is located. This form is issued under the authority of Public Act 206 of 1893. Additional detailed information on the Small
Business Taxpayer Personal Property Exemption can be found on the State Tax Commission Web site at www.michigan.gov/
statetaxcommission.
