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

  • Utility personal property as described in section 34c(3)(e) and personal property used in the generation, transmission, or distribution of electricity for sale is not included in this calculation.(d) "Fair market value" means the fair market value of personal property at the time of acquisition by the first owner, including the cost of freight, sales tax, installation, and other capitalized costs, except capitalized interest.

  • Utility personal property as described in section 34c(3)(e) and personal property used in the generation, transmission, or distribution of electricity for sale are not eligible manufacturing personal property.

  • Utility personal property as described in section 34c(3)(e) and personal property used in the generation, transmission, or distribution of electricity for sale is not included in this calculation.

  • 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" means that term as described in section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.

  • 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.

  • It also indicated the status of performance of KMPF so that KMPF may initiate to take some corrective actions.

  • Utility personal property is taxable as shown in the table, even though personal property (including both inventories and attached machinery) of nonutility businesses have been exempt since the early 1970s.

  • Utility personal property is assessed the full 6.0000 mills SET and the full 18.0000 mills local school district operating millages.

  • Utility personal property (as de¿ned in MCL.211.34c) is not used in industrial processing or direct integrated support.

Related to Utility personal property

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

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

  • 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.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.