- Michigan’s Treasury Department requires data center operators to report annually using Form 5726 for sales or use tax exemptions.
- The filing is due by January 31st of the year after the end of the calendar year.
- The requirement aims to assess the financial impact on key funds like the School Aid Fund and General Fund.
- Public Acts 29 and 30 of 2020 mandate submitting yearly reports by January 31st of the following year.
- Filing Form 5726 fulfills reporting obligations but does not claim exemptions.
- If no activity occurred, filing is not necessary.
- The form and guidelines can be accessed on the Michigan Treasury’s website.
- Specifics on eligible exemptions can be found in the Treasury’s Notice Regarding Data Center Exemption.
- Queries about filing can be directed to Tax Technical Services at 517-636-4357.
- Compliance with Form 5726 helps evaluate the impact of tax exemptions on state revenue and maintains transparency in fund allocation.
Source: salestaxinstitute.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
