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Real and Personal Property Statements Michigan 2023

Michigan 3966 2023-2025 Form

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with tax deadlines right around the corner it's important to file the right paperwork especially when you own a business knowing what exemptions and reductions are available to you can help you save a little money Michigan is one of a handful of states in the country that actually imposes a tax on personal property as opposed to real property and that has been detrimental to some businesses because you know the mentality is you you pay attacks when you buy the property and then you have to continue to pay taxes on it while you own the property and magic magic for the cost of doing business a few years ago several laws were passed to help reduce or eliminate some costs that come with owning a certain type of business the first being a small business tax exemption your business owns property that is valued up to 80 thousand dollars you are entitled to have that entirely exempt from paying any personal property taxes now that the the key to that is that is the depreciated value so

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2019 MI 3966 [2018-07] 2024
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2019 MI 3966 [2018-07] 2022
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