Emergency-related state tax relief available for taxpayers located in four southwest Michigan Counties impacted by May 2024 storms.
Learn About Disaster Relief
Small Business Taxpayer Exemption (SBTE) Reimbursements
Buildings and streets in downtown Lansing, Michigan.
Small Business Taxpayer Exemption (SBTE) Reimbursements
About the SBTE Reimbursements
Beginning Tax Year 2023, the Michigan Trust Fund Act, 2000 PA 489, MCL 12.253a, provides for reimbursements to municipalities for personal property tax revenue lost as a result of SBTE claims. SBTE claims may be filed by taxpayers that own, lease, or possess eligible personal property having a combined true cash value equal to or greater than $80,000 but less than $180,000.
For more information about the SBTE claim process, please visit: Personal Property Tax Exemptions (michigan.gov)
Tax Increment Finance Authorities may claim Tax Year 2023 SBTE reimbursements by filing Form 6098 by April 30, 2024.