There may be as many as one-third of the eligible companies and businesses throughout Michigan that are not taking advantage of the utilities tax savings offered by a predominant use study.
The study is voluntary, which means the business or company is not required to complete the process. However, with no upfront costs and the option to recoup overpayments of utility taxes going back 48 months, it makes good financial sense for companies to at least consider the possibility.
Consider Requesting an Estimate
Top companies that complete the predominant use study in Michigan can provide an estimate of the potential refund and future savings your business will have after the study is completed and approved.
Surprisingly, many companies are not taking advantage of the refund and a future reduction in local and state utility taxes, which can amount to thousands of dollars a month in overpayments.
Look for Contingency-Fee Basis
One way to prepare for a predominant use study is to shop around for an experienced company that offers the utility analysis on a contingency-fee basis. This means the manufacturing or processing company does not pay anything out-of-pocket for the study. The provider simply takes the agreed fee out of the refund.
In most cases, the business will still have a significant return on their utility tax overpayments for the last four years, plus they have a reduction in utility sales taxes going forward.
There is no need for downtime or any changes to processing or manufacturing. The provider will complete the necessary application, work directly with the utilities, and represent your Michigan business if there are any questions or additional information requests.
| Let the experts at Business Name complete a predominant use study for your qualifying Michigan business. For an estimate or to schedule a study, visit us online. |
