Because Treasury has started issuing the expanded Michigan EITC supplemental check payments for tax year 2022, it is no longer necessary to view or manually update your address. If you moved between last year and now, please be sure your new address is on your 2023 individual income tax return filing.
Local Government Reimbursement Fund - Effective Tax Year 2023
The creation of the Local Government Reimbursement Fund is authorized by the Michigan Trust Fund Act. Money from the fund shall be expended, upon appropriation, only for the purpose of reimbursing municipalities, by May 31, for personal property tax revenue lost as a result of Small Business Taxpayer Exemption (SBTE) claims. SBTE claims are 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.
Beginning Fiscal Year 2024, $75M must be deposited into the Local Government Reimbursement Fund from the state share of Use Tax.