{"id":5124,"date":"2016-06-16T16:30:58","date_gmt":"2016-06-16T20:30:58","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=5124"},"modified":"2016-06-16T16:30:58","modified_gmt":"2016-06-16T20:30:58","slug":"mi-treasury-provides-new-essential-services-form-for-state-ppt-calculation","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2016\/06\/16\/mi-treasury-provides-new-essential-services-form-for-state-ppt-calculation\/","title":{"rendered":"MI Treasury Provides New Essential Services Form for State PPT Calculation"},"content":{"rendered":"

Staff from Treasury this afternoon provided the following information and newly developed Form 5448 to calculate essential services as part of the implementation of the new Personal Property Tax reimbursement process. \u00a0The new Form 5448 can be viewed here –\u00a0PPT Form 5448 FYE 12 % of Operating Millage Used to Fund Essential Services<\/a>, or at the link to Treasury’s website below. \u00a0Responses are requested by July 15, 2016.<\/strong><\/p>\n

From Treasury\/ORTA:<\/p>\n

The Local Community Stabilization Authority Act (LCSA Act), 2014 Public Act 86, requires personal property tax distributions for all operating and debt millages.\u00a0 The LCSA Act provides that the personal property distribution for millage(s) used entirely or in part to fund essential services (i.e. police, fire, ambulance, or jails) is calculated separately from millage used for other purposes.<\/em><\/p>\n

To calculate the personal property distribution for essential services, the LCSA Act requires the Department of Treasury (Treasury) to calculate each municipality\u2019s percentage of general operating millage used to fund the cost of essential services in the municipality\u2019s fiscal year ending in 2012.\u00a0 However, the law allows the municipality to perform the calculation by including the calculation in its comprehensive annual financial report for the municipality\u2019s fiscal year ending in either 2014 or 2015, or by reporting the calculation in a manner prescribed by Treasury.\u00a0 Therefore, Treasury has developed Form 5448 \u2013 FYE 2012 Percentage of General Operating Millage Used to Fund Essential Services (see attached) to assist municipalities with reporting the calculation.\u00a0 The calculated percentage will be used to calculate each municipality\u2019s Local Community Stabilization Share Revenue Essential Services Distribution in 2016 and for all future years.<\/em><\/p>\n

Treasury is requesting that municipalities complete and return the Form 5448 by July 15, 2016<\/strong>.\u00a0 The completed form can be submitted by email to TreasORTAPPT@michigan.gov<\/a>, by fax to 517-335-3298, or by mail to:<\/em><\/p>\n

Michigan Department of Treasury<\/em><\/p>\n

Office of Revenue and Tax Analysis<\/em><\/p>\n

PO Box 30722<\/em><\/p>\n

Lansing, MI\u00a0 48909<\/em><\/p>\n

For those municipalities that do not submit a Form 5448, Treasury will perform the calculation based on the municipality\u2019s audited financial report or F65 report for the fiscal year ending in 2012.<\/em><\/p>\n

For detail regarding the calculation of the Local Community Stabilization Share Revenue Essential Services Distribution, visit Treasury\u2019s website at http:\/\/www.michigan.gov\/taxes\/0,4676,7-238-43535_72736-358296–,00.html<\/a>.<\/em><\/p>\n

Please direct any questions regarding the completion of this form to TreasORTAPPT@michigan.gov<\/a> or 517-373-2697.<\/em><\/p>\n

Thank you.<\/em><\/p>\n

Office of Revenue and Tax Analysis –\u00a0<\/em>Michigan Department of Treasury<\/em><\/p>\n

 <\/p>\n

Chris Hackbarth is the League\u2019s director of state affairs. He can be reached at 517-908-0304\"\"<\/a><\/span>and\u00a0chackbarth@mml.org<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Staff from Treasury this afternoon provided the following information and newly developed Form 5448 to calculate essential services as part of the implementation of the new Personal Property Tax reimbursement process. \u00a0The new Form 5448 can be viewed here –\u00a0PPT Form 5448 FYE 12 % of Operating Millage Used to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-5124","post","type-post","status-publish","format-standard","hentry","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"\nMI Treasury Provides New Essential Services Form for State PPT Calculation - Inside 208<\/title>\n<meta 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\/>\n<meta name=\"author\" content=\"Dene Westbrook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MMLeague\" \/>\n<meta name=\"twitter:site\" content=\"@MMLeague\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dene Westbrook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mml.org\\\/inside208\\\/2016\\\/06\\\/16\\\/mi-treasury-provides-new-essential-services-form-for-state-ppt-calculation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mml.org\\\/inside208\\\/2016\\\/06\\\/16\\\/mi-treasury-provides-new-essential-services-form-for-state-ppt-calculation\\\/\"},\"author\":{\"name\":\"Dene 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