Form 1028 - Annual Property Report - 2012 Page 6
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122012
Application for Tax Credit for Maintenance and Improvement of Rights of Way
Section 13 of PA 282 of 1905, as amended allows credit for eligible expenses incurred in the State of Michigan by railroad
companies for maintenance or improvement of rights of way, including those items, except depreciation, in the official
maintenance-of-way and capital track accounts of the railroad company in this state during the calendar year immediately
preceding the statutory due date of this report, but not to exceed the total liability for the tax under this act.
Eligibility Requirements
In order to be eligible for the tax credit for maintenance and improvement of rights of way under MCL 207.13(2), the
railroad companies must fulfill the statutory requirements detailed in Section 13 of PA 282 of 1905 (MCL 207.13(3)). In
addition to providing the requested summary information on this application for credit, each company must complete and
file [3 copies of] the report described in Section 13 with the State Tax Commission that includes, but is not limited to,
detailed information of the nature and location of expenses. A summary of the eligibility and reporting requirements are
listed in the attached instructions on pages 11-13.
Eligible and Non-Eligible Expenses
Examples of Eligible and Non-Eligible Expenses are listed in the attached instructions on pages 11-13.
Maximum Credit Available
The maintenance of way expense credits are not refundable or deferrable. Expenses in excess of a company's property
tax liability are not eligible for credit against prior or subsequent years' liability.
***NOTE*** Filing of this credit application does not relieve the company of the statutory requirement of filing [3 copies] of
the detailed expense report described in Section 13(3). You are still required to provide that to the State Tax Commission
at the following address:
Mailing Address:
For Overnight Package Delivery:
Michigan Department of Treasury
Michigan Department of Treasury
Michigan State Tax Commission
Michigan State Tax Commission
P O Box 30471
Austin Building
Lansing, MI 48909-7971
430 W. Allegan Street
Lansing, MI 48922
Company Name
Eligibilty
Has your company incurred eligible expenses, and submitted three (3) copies of the required expense report as described
above?
Yes ___
No ___
If Yes, please enter total eligible expenses below.
If No, you are NOT ELIGIBLE for credit. DO NOT SUBMIT EXPENSES.
Total Eligible Expenses for Maintenance and Improvement of Rights of Way in Michigan which you have reported
in the above described report.
$ ___________________________
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