INSTRUCTIONS TO FORM L-4175

INSTRUCTIONS TO FORM L-4175
NOTICE: This form is issued under authority of the General
Property Tax Act. FILING IS MANDATORY. For willful failure
thereof, you are liable to imprisonment for a period of not less
than thirty days nor more than six months, or to a fine of not
less than $100 nor more than $1,000, or both such fine and
imprisonment in the discretion of the court. See MCL 211.21.
CAUTION: Read these instructions carefully before filling this
form out. YOU MUST COMPLETE ALL SECTIONS. Because
this form has been coded, it is imperative that it be returned to
assure proper processing. If personal property formerly in your
possession has been removed from this assessing unit before
December 31, 2000, it is imperative that you notify the assessor
at once in order that records pertaining to your property may be
changed accordingly. This statement is subject to audit by the
State Tax Commission, the Equalization Department or the
Assessor. FAILURE TO FILE THIS FORM BY ITS DUE DATE
WILL JEOPARDIZE YOUR RIGHT TO FILE A SECTION 154
APPEAL WITH THE STATE TAX COMMISSION. You are
advised to make a copy of the completed statement for your
records.
FACSIMILE SIGNATURES: This form must be signed at the
bottom of page 1. P.A. 126 of 1996 provides that a facsimile
signature may be used provided the person using the facsimile
signature has filed with the State Tax Commission a signed
declaration, under oath, using form 2995. This form can be
obtained by writing the Commission at P. O. Box 30471 Lansing
MI 48909-7971. A facsimile signature is a copy or a
reproduction of an original signature.
GENERAL EXPLANATION - The Michigan Constitution
provides for the assessment of all real and tangible personal
property not exempted by law. Tangible personal property is
defined as tangible property that is not real estate. Form L-4175 is
used for the purpose of obtaining a statement of assessable
personal property for use in making a personal property
assessment. Michigan law provides that the assessor must send
form L-4175 to any person or entity that may possess assessable
personal property. Michigan law also provides that a person or
entity receiving a form L-4175 must complete it and return it to
the assessor by the statutory due date, even if they have no
assessable property to report. If you had assessable personal
property in your possession on December 31, 2000, you must
submit a completed form L-4175 to the assessor of the community
where the property is located by the statutory due date, even if
the assessor does not send you a form to complete.
COMPLETION OF FORM L-4175
Page 1 - Statistical Information:
FROM: Insert name and address of the assessor if you are using
a form not provided by the assessor. Often this form must be filed
at an address different than the assessor’s mailing address for
other purposes. It is your responsibility to assure that this form
is sent to the correct address. If you are unsure of the mailing
address, call your local assessor or county equalization
department.
TO: If you are not using a pre-printed form, insert your name
and address. Use the address at which you wish to receive
future forms and tax billings. If your form is pre-printed with an
incorrect address, line out the incorrect portions and write the
corrections.
Parcel No. – Unless this is an initial filing, you have already been
assigned a parcel number. If you are using a form not provided
by the assessor, you must insert the correct parcel number.
Failure to insert your parcel number may result in a duplicate
assessment.
Location(s) of Personal Property Reported … - List the street
addresses of all locations that are being reported on this
statement. Locations in different school districts or lying within
the boundaries of designated authorities or districts must be
reported separately. All locations in the same authority or district
must be reported under one account, unless the assessor has
directed otherwise. You must file a separate statement for
property on which the tax is abated pursuant to P.A. 198 of 1974
(I.F.T.) or P.A. 328 of 1998 (certain new personal property).
Legal Name of Taxpayer – Insert the exact legal name of the
taxpayer.
Address Where Personal Property Records Are Kept – Insert
the address where the records used to complete this statement
are kept. Do not insert the address of an agent unless that agent
has actual possession of all documents necessary to conduct an
audit.
Name of Person in Charge of Records – Insert the name of the
person at the address where the records are kept who has actual
control of the documents necessary to conduct an audit.
Telephone No. – Insert the telephone number of the person
having charge of the records used for filing.
Description of Taxpayer’s Business activity – Insert a
descriptive phrase indicating the nature of the taxpayer’s
business activity.
Square Feet Occupied – Insert the number of square feet of
space occupied by the taxpayer at the location(s) reported.
Preparer’s Name and Address – Insert the name, address and
telephone number of the person who has prepared this
statement.
(Check One) – Check the appropriate box indicating the form of
legal organization used by the taxpayer in conducting its
business. If the taxpayer is organized as a corporation or a
limited liability company, insert the Michigan corporate
identification number of the business or, if not authorized to do
business in Michigan, the name of the state in which it is
organized.
Michigan Sales Tax No. – Insert the taxpayer’s Michigan Sales
Tax Number.
Date of Organization – Insert the date that the taxpayer’s
business was first organized or commenced.
Date Business Began at Above Location – Insert the date that the
taxpayer first commenced business at a location reported on this
statement.
Assumed Names Used by the Legal Entity, if any –State any
assumed names used by the taxpayer in conducting its business
at the location(s) reported.
Names of Owners or Partners – If the taxpayer is a sole
proprietorship or a partnership, list the name(s) of the proprietor
or partners.
If Sole Proprietorship, Taxpayer’s Residential Address – Insert
sole proprietor’s actual residence address. Do not use mailing
address, if different than residence address.
Page 1 – Summary and Certification:
Page 1, Line 1: “Special Tools” are exempt from taxation,
pursuant to MCL 211.9b. If you are excluding “special tools”
from your statement, you must check “Yes” and insert the
amount of original cost excluded. “Special tools” means those
dies, jigs, fixtures, molds, patterns, gauges, or other tools which
meet the requirements of the State Tax Commission’s definition of
“special tools.” For guidelines in determining whether an item is
a “special tool”, refer to Page 15-6 of Vol. III of the Assessors
Manual. Generally, a “special tool” can be used to make a part
for, or to fabricate or assemble, only one product, and its
usefulness ends when a pre-planned, periodic, model changeover
of the product occurs, such as happens in the automobile
industry. An item is probably not an exempt “special tool” if the
item is NOT a device such as a die, jig, fixture, mold, pattern or
gauge OR if the item is used for a purpose other than the actual
manufacturing of the product, OR if the product made with the
item is not subject to preplanned model changeover OR if the
item can be used to produce a different part after the model
changeover has occurred. Dies, jigs, fixtures, molds, patterns,
gauges, or other tools that are not “special tools” should be
reported at full acquisition cost new under Section H of this form.
Page 1, Line 2: Air and water pollution control facilities and/or
wind or water energy conservation devices may qualify for
exemption from taxation, but only if an exemption certificate has
been issued by the State Tax Commission on or before December
31, 2000. If you claim such an exemption, check “Yes” and attach
an itemized listing of the certificate numbers, dates of issuance
and amounts.
Page 1, Line 3: You are obligated to file a completed form L-4175
with the assessor of every Michigan assessment jurisdiction in
which you had assessable personal property on December 31,
2000. If you have fulfilled this obligation you should check
“Yes”. If you have not filed in every required jurisdiction, attach
an explanation.
Page 1, Line 4: The purpose of this question is to determine
whether you are a party to a contract relative to personal
property located in this jurisdiction on December 31, 2000 that
you have not reported on this statement, perhaps because of
your belief that another party to the contract is the proper party
to report. This includes situations where you believe you hold
only a security interest in personal property, in spite of the fact
that the contract is labeled a “lease.” If you answered “yes” to
this question, attach a rider that includes the name(s) of the
interest holder(s), the nature of your interest, a description of the
equipment, the year the equipment was originally placed in
service, its original selling price when new and the address where
the property was located on December 31, 2000.
Page 1, Line 5: Check “Yes” if you are a lessor (landlord), a
lessee (tenant) or a sub-lessee (sub-tenant) in a rental contract
relating to the real property at this location. MCL 211.8(i)
provides that, under some circumstances, the value, if any, of a
sub-leasehold estate shall be assessed to the lessee. If you
checked “Yes” to this question, complete Section O. Your rental
arrangement will be analyzed by the assessor. Further, MCL
211.8(h) provides that, to the extent that improvements made to
real property by a lessee add value to the property but are not
assessed as part of the real property, they may be assessable to
the lessee. If you checked “Yes” and have made leasehold
improvements to the real estate, you must also complete Section
M. Your completion of Sections M and O will not necessarily
result in an increased assessment.
Page 1, Line 6: The valuation multipliers contained in Sections A
through F on Page 2 are intended to be applied to the acquisition
cost of new personal property, not the acquisition cost of used
personal property. If the acquisition cost new of an asset is
known to you or can be reasonably ascertained through
investigation, you must report that cost in the year it was new
when you complete Sections A through F, even if you have
adjusted the cost in your accounting records to reflect
revaluation of the asset using a “purchase,” “push-down” or
similar accounting methodology or even if your booked cost
reflects a “used” purchase, lease “buy-out” price or a “trade-in”
credit. If you were unable to report the acquisition cost new for
one or more of your assets, you should check “Yes” and attach a
list of all such assets. On the list, provide a detailed description
of each asset, the year or approximate year that the asset was
new, and the amount and acquisition year at which you have
reported the asset. You must also provide a written explanation
of the reason(s) that the original acquisition cost information is
not available.
Page 1, Line 7: “Daily rental property” is tangible personal
property, having a cost NEW of $10,000, or less, that is
exclusively offered for rental, pursuant to a written agreement, on
an hourly, daily, weekly or monthly basis for a term of 6 months
or less (including all permitted or required extensions). If you
acquired the property “used” you must determine the cost new
for purposes of determining whether the property qualifies for
“daily rental property” treatment. If you believe that you have
such property, see form 3595 for additional information. If you
qualify you must complete form 3595 and comply with the
requirements set forth therein.
Page 1, Line 8: You are required to report all tangible personal
property in your possession in this location EVEN IF THE
PROPERTY HAS BEEN FULLY EXPENSED OR DEPRECIATED
FOR FEDERAL INCOME TAX OR FINANCIAL ACCOUNTING
PURPOSES. If you answer “No” attach a detailed explanation.
Page 1, Line 9: This question requires you to disclose other
businesses that share space with you at the location(s) of your
business. If you answer “Yes” attach a list of all other businesses
operating at your location(s). If you are located in a shopping
center, office building or other multi-tenant facility, you are not
required to list businesses having a different legal address.
Page 1, Line 10: Complete Sections A through F, page 2, and add
the Totals from Sections A through F to arrive at a Cost Grand
Total. Insert the Cost Grand Total in the box indicated at the
bottom of Page 2 and carry that amount to Page 1, Line 10a.
Page 1, Line 11: Complete Sections G through K, page 3, and
add the Totals from Sections G through K to arrive at a Cost
Grand Total. Insert the Cost Grand Total in the box indicated at
the bottom of Page 3 and carry the amount to Page 1, Line 11a.
Page 1, Line 12: Complete Sections L through O, page 4, and
add the Totals from Sections M and N to arrive at a Cost Grand
Total, as directed by the instruction at the bottom of the page.
Insert the Cost Grand Total in the box indicated at the bottom of
Page 4 and carry the amount to Page 1, Line 12a.
Page 1, Line 13: If you had assets that qualified as “idle
equipment” or as “ obsolete or surplus equipment” on December
31, 2000, complete form 2698 and carry the Total Original Cost
from form 2698 to line 13a.
“Idle equipment” is equipment that has been disconnected and
is stored in a separate location. Assets are NOT “idle” if they are
present as stand-by equipment, are used intermittently or are
used on a seasonal basis. “Obsolete or surplus equipment” is
equipment that either requires rebuilding and is in the possession
of a rebuilding firm on December 31, 2000 OR is being disposed
of by means of an advertised sale because it has been declared
as surplus by an owner who has abandoned a process or plant.
For more information, see also instructions to form 2698. Do not
include these assets elsewhere on this form.
Page 1, Line 14: Report the total cost incurred for Construction
in Progress, as calculated on an accrual basis, based on the
extent of physical presence of the construction in progress in the
assessment jurisdiction. Construction in Progress is property of
a personal property nature that was in the process of being
installed, and was not in service, on December 31, 2000.
Page 1, Line 15: If you had cable television or public utility
assets on December 31, 2000, complete form 3589 and carry the
Total Original Cost from form 3589 to line 15a. See also the
instructions to form 3589.
Page 2 - General Instructions to Sections A through F:
You must report on these Sections the full acquisition cost new,
in the year of its acquisition new, of all machinery and equipment,
computer equipment, furniture and fixtures, signs, coin operated
equipment, office equipment, electronic, video and testing
equipment, rental video tapes and games and other tangible
personal property owned by you and located in this assessment
jurisdiction, even if you have fully depreciated the asset or have
expensed the asset under Section 179 of the Internal Revenue
Code or under your accounting policies. All costs reported must
include freight, sales tax and installation. You must also report in
these Sections any other tangible personal property in your
possession or under your control in this jurisdiction that is not
reported under Sections G through N. If you purchased an asset
used, and do not know and cannot ascertain the acquisition cost
new, attach the list required by the instruction to Page 1, Line 6.
The acquisition costs for the assets reported under each Section
must be totaled for each acquisition year. Place the yearly total
on the line of the Section corresponding to the year that the
property was acquired. You must report the original acquisition
cost, not your estimation of the value of the property.
Equipment not fully installed on December 31, 2000 should be
reported on Page 1, Line 14 and should not be reported on these
Sections. Property that was reported as construction in progress
LAST year but which was placed in service on or before
December 31, 2000 should be entirely reported on the 2000
acquisition line of the appropriate Table, not the 1999 line.
Similarly, the cost of all assets must be reported as acquired in
the year that they were placed in service, rather than the year of
purchase, if those years differ.
Leased assets and “daily rental property” must be reported by
the OWNER on Sections A through H in the same manner as
other property. An itemized listing of the property must also be
made on Section L (for leased assets) or pursuant to the
requirements of the instructions for Page 1, Line 7 (for daily rental
assets).
All leased and daily rental assets must be reported by, and must
be assessed to, the owner, in spite of any agreement to the
contrary between the parties to the lease or rental agreement,
unless the property is “qualified personal property” or is owned
by a bank. Leased and rental property must be reported at selling
price new, even if the owner is the manufacturer of the asset or
acquired the asset in the wholesale market for an amount less
than the price that the end-user would have incurred to purchase
the asset. If the asset is of a type that it is never sold to an enduser or if you have constructed the asset for your own use,
report the price at which the asset would sell if a market sale did
occur. See STC Bulletin 1 of 1999.
The cost reported in each of the Sections of form L-4175 and on
the forms used with form L-4175 should include the full invoiced
cost, without deduction for the value of certain inducements
such as service agreements and warranties when these
inducements are regularly provided without additional charge.
Inventory is exempt from assessment. Inventory does not
include personal property under lease or principally intended for
lease or rental, rather than sale. Property allowed a cost recovery
allowance or depreciation under the Internal Revenue Code is not
inventory. Motor vehicles registered with the Michigan
Secretary of State on December 31, 2000 are exempt. Nonregistered motor vehicles and equipment attached to motor
vehicles which is not used while the vehicle travels on the
highway are assessable. Computer software, if the purchase was
evidenced by a separate invoice amount and if the software is
commonly sold separately, is exempt.
A summary of the items that should be reported on each Section
is provided below. For full listings refer to STC Bulletin 12 of
1999 and its later annual supplement(s). These Bulletins, along
with forms and other Bulletins can be accessed at the Web site
www.treasury.state.mi.us. MCL 211.19 requires that you
complete form L-4175 in accordance with the directions on the
form and these instructions. You may, however, attach
supplementary material for the assessor to consider in making his
or her valuation decisions. If you have questions regarding
proper classification you must contact your local assessor or the
State Tax Commission for clarification.
Completion of Section A, Page 2: The assets to be reported on
this Section include decorations, seating, furniture (for offices,
apartments, restaurants, stores and gaming establishments),
shelving and racks, lockers, modular office components,
cabinets, counters, rent-to-own furnishings, medical exam room
furnishings, therapeutic medical beds and bedding, bookcases,
displays, mobile office trailers, special use sinks (such as those
found in medical offices, beauty shops and restaurants), tables,
non-electronic recreational equipment, filing systems, slat walls,
signs, window treatments, uniforms and linens, cooking, baking
and eating implements, shopping carts, booths and bars. Other
assets may be included at a later time.
Completion of Section B, Page 2: The assets to be reported on
this Section include all assets that are not designated for
disclosure on another Section. Specifically, such assets include
the following types of machinery and equipment: air
compressors, airport ground, non-coin operated amusement rides
and devices, auto repair & maintenance, beauty and barber shop,
boiler, furnace, bottling & canning, crane and hoist, car wash,
chemical processing, construction, unlicensed vehicular,
conveyor, non-coin operated dry cleaning and laundry, air makeup and exhaust systems, manufacturing and fabricating, food
processing, gym & exercise, heat treating, landscaping, sawmill,
incinerators, maintenance and janitorial, non-electronic medical
and dental and laboratory and veterinary equipment, mining and
quarrying, mortuary & cemetery, painting, hydrocarbon refining
and production and distribution, plastics, pottery & ceramics,
printing and newspaper, rubber manufacturing, scales, ski lifts,
smelting, stone & clay processing, supermarket, textile, tanning,
vehicle mounted, waste containers, wire product manufacturing,
woodworking, automated tellers (ATM), computer controlled
lighting, CNC controlled manufacturing, theater equipment,
restaurant food preparation and dispensing and storing and
serving equipment, soft drink fountains, coin counters, beverage
container return machines, storage tanks, hand tools of
mechanics and trades, non-registered motor vehicles,
freestanding and other safes not assessed as real property, oil
and gas field equipment and gathering lines prior to commingling
product with other wells, portable toilets, portable saw mills, LP
tanks, fuel dispensing control consoles, computer-controlled
printing presses, stereo lithography apparatus, forklift trucks,
non-coin operated gaming apparatus and computerized and
mechanical handling equipment. Other assets may be included at
a later time.
Completion of Section C, Page 2: Report the acquisition cost
new and the year of acquisition of rental videotapes, rental video
games, rental DVD’s and rental laser disks owned by you at this
location. Other assets may be included at a later time
Completion of Section D, Page 2: The assets to be reported on
this Section include office machines, non-computerized cash
registers, copiers, faxes, mailing and binding equipment,
photography and developing equipment, shredders, projectors,
telephone and switchboard systems, audio and video equipment
(used for receiving, transmitting, recording, producing and
broadcasting), amplifiers, CD, cassette and disc players,
speakers, cable television local origination equipment, electronic
scales, surveillance equipment, electronic diagnostic and testing
equipment (for automotive shops, medical offices, hospitals and
dental offices), ophthalmology testing equipment, satellite
dishes, video-screen arcade games, electronic testing equipment,
electronic laboratory equipment, cellular transmitter site
equipment (except towers and land improvements and items
reported under other sections of form L-4175 - See STC Bulletin 3
of 2000), cellular telephones, medical laser equipment, movable
dynamometer, spectrum analyzer, security systems, 2-way and
mobile land radio equipment, pay-per-view systems, wooden
pallets and distributive control systems (see STC Bulletin 3 of
2000). Other assets may be included at a later time.
Completion of Section E, Page 2: The assets to be reported on
this Section include consumer coin-operated equipment such as
bill & change machines, juke boxes, pin ball machines, coinoperated pool tables and other non-video arcade games, snack &
beverage machines, other vending machines, news boxes,
laundry equipment and slot machines. Other assets may be
included at a later time.
Completion of Section F, Page 2: The assets to be reported on
this Section include personal and midrange and mainframe
computer and peripheral equipment, including servers, data
storage devices, CPUs, input devices such as scanners and
keyboards, output devices such as printers and plotters,
monitors, networking equipment, computerized point of sale
terminals, global positioning system equipment, lottery ticket
terminals, gambling tote equipment, pager instruments, and cable
television converters.
A programmable logic control device for a machine should be
reported on Section B with the machine it serves. Other assets
may be included at a later time.
Cost Grand Total, Page 2: After you have completed Sections A
through F, add together the Totals of cells A-1 Through F-1 to
arrive at a Cost Grand Total. Insert the Cost Grand Total in the
box indicated at the bottom of Page 2 and carry to Page 1, Line
10a.
Section G, Page 3: Report all non-exempt tangible personal
property owned by you at this location that is not entitled to
depreciation/cost recovery under the United States Internal
Revenue Code or that the assessor has told you to report in this
section or that otherwise presents special valuation problems.
An example of property not entitled to depreciation/cost
recovery is fine art. Examples of properties that represent special
valuation problems are: frequently supplemented professional
books, feature motion picture films, audio and video productions
not sold to the public at large and toll bridge company structures.
Provide all requested information. An inspection of the property
may be necessary. Property reported in this Section should not
be reported elsewhere on form L-4175.
Section H, Page 3: Assessable tools, dies, jigs, fixtures, molds,
patterns and gauges and other manufacturing requisites of a
similar nature (commonly referred to as “tooling”) will be valued
at an amount equal to the net book value of the asset. Report
both Acquisition Cost New and GAAP net book value by year of
acquisition on this Section. See Instructions to Line 1, Page 1
for information regarding the tooling that is assessable. For
purposes of personal property reporting, net book value shall be
as determined using generally accepted accounting principles, in
a manner consistent with the taxpayer’s established methods of
depreciation. The net book value for federal income tax purposes
shall not be used for purposes of personal property tax reporting.
If an accounting change in estimate is indicated relating to a
particular asset, the net book value of that asset, as reported for
personal property assessment purposes, shall be the value that
would have existed for that asset on December 31, 2000 if a
correct estimate had originally been made. Your obligation to
implement the change in estimate for personal property reporting
purposes shall not be affected by a determination that no
financial accounting change in estimate is necessary due to lack
of materiality. In no event shall assessable tooling be reported at
an amount less than is indicated by its expected remaining useful
life plus salvage value (if applicable under the depreciation
method used).
Section I, Page 3: Report “qualified personal property” in this
Section. Do not report “qualified personal property” in Sections
A through E. “Qualified personal property” is property that was
made available to you by a “qualified business” (usually a
leasing company or a finance company) and which is not
assessable to the “qualified business.” Such property is
assessable to you as the user. The requirements for “qualified
business” treatment are strict and many leasing and financing
companies do not qualify. Further, such treatment only applies to
property subject to an agreement (usually labeled a lease)
entered into after December 31, 1993 that qualifies for treatment
as “qualified personal property”. The “qualified business” is
required to have filed a statement with the assessor by February
1st of the current year and is required to have made a written
agreement with you in which it is specifically agreed that you will
report the property to the assessor as “qualified personal
property.” See MCL 211.8a.
Section J, Page 3: Report all business machines, postage
meters, machinery, equipment, furniture, fixtures, tools, burglar
alarms, signs and advertising devices and other tangible
personal property that you are renting or leasing from another
person or entity. Provide all of the information requested for
each lease. You must provide the actual or estimated selling
price new of the asset so that control totals can be generated for
use on the Summary and Certification portion of Page 1. MCL
211.13 provides that all tangible personal property shall be
assessed to the owner thereof, unless the owner is not known.
A personal property statement will be sent to the owner.
Property reported in this Part should not be reported elsewhere
on form L-4175.
Section K, Page 3: Report all machines, meters, machinery,
equipment, furniture, fixtures, tools, signs and advertising
devices that are in your possession but are not owned, leased or
rented by you. Examples include equipment left with you by
vendors, such as display racks, coolers or fountain equipment,
property loaned to you by another, property left with you for
storage or rebuilding, consigned equipment not held for resale
and assets sold but not yet picked up by the purchaser. Provide
all of the information requested for each asset. You must
provide the actual or estimated selling price new of the asset so
that control totals can be generated for use on the Summary and
Certification portion of Page 1. MCL 211.13 provides that all
tangible personal property shall be assessed to the owner
thereof, unless the owner is not known. A personal property
statement will be sent to the owner.
Cost Grand Total, Page 3: After you have completed Sections G
through K, add together the Totals of cells G-1 through K-1 to
arrive at a Cost Grand Total. Insert the Cost Grand Total in the
box indicated at the bottom of Page 3 and carry to Page 1, Line
11a.
Section L, Page 4: This Section is to be completed by leasing
companies and others who lease personal property to others. In
addition to completing this Section, you must complete Sections
A through F and any other Sections that are applicable. You may
use attachments rather than completing this Section, but only if
your attachment provides all the information requested on this
Section and if you insert the Total Original Selling Price where
required on the form.
Section M, Page 4: This Section is to be completed by tenants
who are renting or leasing real property. All improvements
(leasehold improvements) you have made to the real property
should be reported, even if you believe that the improvements
are not subject to assessment as personal property. Provide as
much detail as possible so that the assessor can determine
whether an assessment should be made. You may use attachments, but only if your attachment provides all the information
requested in this Section and if you insert the Total Cost
Incurred where required on the form. See the instruction for Line
5, Page 1 for additional explanation.
Section N, Page 4: Report the total capitalized cost and year of
construction of buildings and other structures you have placed
on leased or on public lands or rights-of-way. Freestanding
communications towers, associated equipment buildings and
freestanding billboards are examples of other structures that are
to be reported. The reported cost must include all costs capitalized on your records. See STC Bulletin 1 of 1999.
Section O, Page 4: Landlords and tenants must provide rental
information relating to lease arrangements to which they are a
party. Do not report lease or rental arrangements relating to
property occupied for residential purposes. IF you are a landlord
with multiple properties, contact the assessor to arrange an
acceptable alternative reporting method. See Instructions to Line
5, Page 1.
Cost Grand Total, Page 4: After you have completed Sections M
and N, add together the Totals of cells M-1 and N-1 to arrive at a
Cost Grand Total. Insert the Cost Grand Total in the box indicated at the bottom of Page 4 and carry to Page 1, line 12a.
*NOTE: MCL 211. 19 states that personal property statements
must be completed and delivered on or before February 20 of
each year.