Michigan Personal Property Tax - Significant Changes for Manufacturers in 2016

Yeo & Yeo CPAs & Business Consultants

Personal Property Tax Reform was passed in Michigan during 2014 and established a seven-year phase-in for changes to personal property taxation on eligible manufacturing personal property in Michigan. It also established a new Essential Services Assessment (ESA) which will be due August 15, 2016, for the first time. With the arriv...