Preliminary information for the Wholesale Marihuana Tax is now available.
CRE Policy Statement Zero Taxable Value
State Tax Commission Policy Statement for Commercial Rehabilitation Act (PA 210 of 2005, as amended) Applications
Effective immediately, all Public Act 210 of 2005 Commercial Rehabilitation applications submitted to the State Tax Commission are required to indicate the prior year’s actual taxable value, rather than a zero ($0) taxable value based on a prior year’s tax-exempt status. The local governmental unit’s assessor shall determine the property’s prior year actual taxable value as if the property had not been tax exempt. A Commercial Rehabilitation exemption will not be issued or frozen at a zero taxable value that is the result of a prior year’s tax-exempt status.