Did you know? Michigan is the first state to enact a law designed to prevent a potential surprise state tax increase of as much as $1.5 billion from President Donald Trump’s tax reform plan. Gov. Rick Snyder signed this legislation, flanked by both legislative leaders and Lt. Gov. Brian Calley on Wednesday.
Click here to read the full article by the Small Business Association of Michigan!
The Department of Treasury is now able to grant an exemption to nonprofits that provide housing for the elderly or disabled for 2012 (Photo Credit office.microsoft.com)
The Department of Treasury is now able to grant an exemption to nonprofits that provide housing for the elderly or disabled for 2012. Additionally, the exemption is available for the three preceding years, assuming the property would have met the requirements for the exemption, had the taxpayer filed by the deadline in 2010.
If you are eligible to take advantage of this exemption, and it results in overpayment of taxes, you will receive a rebate including any interest paid within 30 days of the date the exemption is granted.
If you have any questions or would like further information on this matter, please contact your H&S tax professional at 1.800.924.6891.
