Movable Property Intimation Form For Central Government Employees In Michigan

Category:

Leases - Contracts

State:

Multi-State

Control #:

US-00123

Format:

Instant download

Description

The Movable Property Intimation Form for Central Government Employees in Michigan is designed for employees to formally report their movable property holdings. This form serves as an official document to maintain transparency and accountability regarding personal property. Key features include sections for detailing the type of movable property, its estimated value, and any relevant identification numbers. The instructions emphasize clarity, requiring employees to fill out the form accurately and submit it within specified deadlines to their respective departments. Legal professionals such as attorneys, partners, and associates can utilize this form to assist clients in understanding their obligations and compliance with reporting requirements. Paralegals and legal assistants can streamline the process of document preparation and ensure that all information is accurately represented. This form also establishes clear communication channels between employees and governmental authorities, supporting essential record-keeping and asset management functions.

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FAQ

An asset that does not have the capability to move from one place to the other is considered immovable property. In the real estate market, immovable property includes residential properties, warehouses, manufacturing units, and factories.

Note:- The declaration form is required to be filled in and submitted by member of Class – I and Class – II services under rule 18 (2) of the CCS (Conduct) Rules, 1964 on first appointment to the service and thereafter at the interval of every twelve months, giving particulars of all immovable property owned, acquired ...

Since September 2023, Law No. 048/2023 dated 05/09/2023, determining the sources of revenue and property of decentralized entities, has established a tax on the sale of immovable property, levied at two different rates of 2 percent and 2.5 percent.