Tag Archive for Personal Property Tax

Fees, Government Incompetence, Michigan, Taxes

That Time Again

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Small Business Owners get to beg off of paying the license fee for their business tools to the state.

Because the legislature has never been able to properly address crappy PPT rules, and the underlying cause (overbig government).

Michigan is one of VERY FEW remaining states that will otherwise continue to assess your ink pens, mouse pad, sticky notes, and desk top knockerballs.  Here is a link to your hall pass, your permission slip; your way to avoid paying taxes again and again on equipment and office furnishings up to a value of $80k.  It is due on the 20th.

Two weeks.

You’re welcome.

You Betcha! (8)Nuh Uh.(3)

Michigan, Taxes

Do The Dance

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It's that time again. Beg your king for tax forgiveness.

Perhaps someday, we won’t have to ask permission to opt out of buying our business equipment over and over.

For the time being however, if the business related property you own is less than $80,000 in true cash value, you must.  IF you don’t feel like paying property tax on it.  Our benevolent overlords have made it possible with Michigan Department of Treasury form 5076; that ‘golden ticket’ for small business which relieves them of the perpetual financial burden of fixture ownership.

Of course it is hardly an everlasting gobstopper of taxation relief. the 5076 form must be filed annually, and specifically with your local township, city or village taxing unit.

You have until February 10 to turn this sucker in.

You’re welcome

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Conservative News, Michigan, Taxes

2016 Annual Personal Property Tax Exemption Reminder

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5076-2016Folks its that time again.

Our annual duty to make sure you pay not ONE MORE DIME to a bloated government than necessary.

Recall that 14-1 didn’t do away with the PPT entirely.

Michigan business with $80,000 or less in fixtures, desks, computers etc., are STILL required EVERY YEAR to fill out the form to get their exemption. You must fill out the MI Treasury Form 5076 with your local assessing offices by Wednesday, Feb. 10, 2015. You can use the link to the affidavit form (once again) here.

Fill it out and for best results deliver by hand to your assessing office ASAP.  You have until February 10, 2016 to turn this in.  Do not get this confused with the February 20th due date on PPT reporting of over $80K.

Never, EVER, give em no more than is absolutely necessary.

 

You Betcha! (15)Nuh Uh.(4)

Michigan, Taxes

Michigan Business Owners! The Clock Is Ticking.

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Yes, you still have to fill out the form every single year.

PPT-2015Recall that 14-1 didn’t do away with the PPT entirely.

Michigan business with $80,000 or less in fixtures, desks, computers etc., are STILL required to fill out the form to get their exemption. You must fill out the MI Treasury Form 5076 with your local assessing offices by Tuesday, Feb. 10, 2015. You can use the link to the affidavit form here.

Fill it out and for best results deliver by hand to your assessing office ASAP.

And remember, give em no more than is absolutely necessary.

 

You Betcha! (8)Nuh Uh.(0)

Conservative News, Elections, Michigan, Michigan Politics

Vote No On Proposal 1?

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"It is my estimation that it was not necessary to place anything on the ballot to allow the reduction of that tax." Rose Bogaert WCTA

no-on-oneIt’s seemed all too easy for this to almost slip right by, unquestioned as we fight our local political battles..

Folks have been trying to figure out the impact of proposal one.  The complicated gobbledygook language contained in multiple bills as a part of PA 80 has not helped, and the question remains: “Why is it necessary to have the voters act to ‘reduce’ taxes?” Before we as a state vote on ANYTHING, it ought to be at least reasonably explained.

Indeed, I don’t know anyone who likes the personal property tax, but will the ‘devil we know’ be replaced by one even more destructive?  Rose Bogaert, of the Wayne County Taxpayers Association lays it out:

Wayne County Taxpayers Association Position Paper

Proposal 1
APPROVAL OR DISAPPROVAL OF AMENDATORY ACT TO REDUCE STATE USE TAX AND REPLACE WITH A LOCAL COMMUNITY STABILIZATION SHARE TO MODERNIZE THE TAX SYSTEM TO HELP SMALL BUSINESSES GROW AND CREATE JOBS
The amendatory act adopted by the Legislature would:

  1. Reduce the state use tax and replace with a local community stabilization share of the tax for the purpose of modernizing the tax system to help small businesses grow and create jobs in Michigan.
  2. Require Local Community Stabilization Authority to provide revenue to local governments dedicated for local purposes, including police safety, fire protection, and ambulance emergency services.
  3. Increase portion of state use tax dedicated for aid to local school districts.
  4. Prohibit Authority from increasing taxes.
  5. Prohibit total use tax rate from exceeding existing constitutional 6% limitation. Should this law be approved?

I want to state that the Personal Property Tax is a horrible tax and a burden to business and employment. If I were to say to the average taxpayer that their stove, refrigerator, washer, dryer and any other appliance or furniture were all subject to personal property tax for 10 years after purchase with a reduction each year for depreciation, we would have a revolt.

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All the Other Stuff, Michigan, Republicans

Hearts In The Right Place But

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There are definitely better ways to leverage the [accounting trick] found money into a better revenue generating machine.

Watch the video below, then recall that the rate was supposed to return to 3.9% by 2015 anyhow. And in the end we still must fill out a tax form. (MI Fairtax would take care of that)

Truthfully, if the legislature really wants to make this state job friendly, and presumable spend off that pretend surplus of a billion bucks, there is another place far more suitable. They might consider attacking something that raises that much, and is a business punisher.

ELIMINATE a whole tax infrastructure.  Finally rid the scourge that is the personal property tax, levied on businesses.  Quit talking around the edges and looking to exempt one type of industry or another.  Just break out the eraser and do Michigan business owners justice and make it disappear.

It would encourage manufacturing to return, and make the state more appealing to potential start ups.

But, perhaps some might think we are whistling in the wind.

Is it because income tax reductions are more sexy than solid business inviting policy

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