Posted inMichigan Government

Business, Republican leaders express confidence in personal property tax repeal

In the looming battle over Gov. Rick Snyder’s proposed personal property tax repeal, both sides agree on one thing: It’s a tax neither particularly likes. “This is an investment penalty,” said Lt. Governor Brian Calley before a Senate committee Wednesday. “The more you invest, the more you pay.” The Michigan Chamber of Commerce and the […]

Posted inMichigan Government

See where personal property tax hits

Bills that would lead to the elimination of the personal property tax for almost all Michigan businesses are now before the Michigan Legislature. Business groups have expressed strong support for PPT repeal, arguing the levy on business equipment makes Michigan less competitive. A coalition of local government and school groups says the plan by the Snyder administration could strip hundreds of millions of dollars from local governments. The administration says most of those dollars will be replaced by state funds appropriated by the Legislature each year.

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