Utility personal property definition

Utility personal property means that term as described in section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.
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Utility personal property means that term as described
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Examples of Utility personal property in a sentence

  • Claiming this exemption when not entitled to it can result in significant penalties.Important Note: Utility personal property as described in MCL 211.34c(3)(e) and personal property used in the generation, transmission, or distribution of electricity for saleare not eligible manufacturing personal property.

  • Utility personal property is not eligible to receive the EMPP exemption and is not included in the calculation to determine a taxpayer’s eligibility for the exemption.

  • The only remaining revenue in Line 1.02 will be Public Utility personal property tax.

  • Utility personal property as described in section 34c(3)(e) is not used in direct integrated support.

  • Utility personal property also comprised a larger share of the tax levy compared with its share of taxable value: 3.7 percent compared with 3.0 percent.

Related to Utility personal property

  • Personal Property means all machinery, equipment, furniture, furnishings, movable walls or partitions, computers (and all associated software), trade fixtures and other personal property (but excluding consumable inventory and supplies owned by Tenant) used in connection with the Leased Property, together with all replacements and alterations thereof and additions thereto, except items, if any, included within the definition of Fixtures or Improvements.

  • Tangible Personal Property means, in respect of any Person, all machinery, equipment, tools, furniture, office equipment, supplies, materials, vehicles and other items of tangible personal or movable property (other than Inventories and IT Assets) of every kind and wherever located that are owned or leased by the Person, together with any express or implied warranty by the manufacturers, sellers or lessors of any item or component part thereof and all maintenance Records and other documents relating thereto.

  • Eligible personal property means property that meets all of the following conditions:

  • Fixtures means those leasehold improvements, additions, alterations and installations constituting all or a part of Bank Premises and which were acquired, added, built, installed or purchased at the expense of the Failed Bank, regardless of the holder of legal title thereto as of Bank Closing.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.