Steve Carlson considered buying a couple of new machines for his plastic molding business near Lansing, but he and the company’s other owners decided to hold off for now. One reason, he said, is Michigan’s personal property tax on the new equipment would drive up the cost of doing business, adding another 30 percent to […]
personal property tax
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
Schools fear property tax cut will be permanent
Like many other Michigan public schools, the River Rouge School District is struggling to stay afloat. In recent years, it has laid off teachers and eliminated music, art, gym, libraries and athletics — but it’s still running a deficit. In February, voters turned down a request for a millage increase. So, if the Legislature and […]
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.
Posted inBusiness Watch
Despite $300 million reduction, businesses seek relief
Michigan businesses, which have already won a $1.6 billion business tax cut, are pushing hard to repeal the state’s personal property tax on machinery, computers and other equipment. But they don’t talk much about, or even recognize, the $324 million tax cut they’ve received since 2007, the result of falling property values and lower tax […]
Posted inMichigan Government
Voters choose to tax themselves
A powerful trend in state government this year has been to take decisions that reduce the amount of money flowing to local governments; money that gets spent to provide all manner of services. Details, in fact, are still being worked out on another state decision to alter the state’s personal property tax, which will lead […]
Posted inMichigan Government
You want police and trash service, right?
The news remains grim on the financial front for Michigan local governments. More survey data from local officials reported by the Center for Local, State and Urban Policy at U-M find Michigan’s city, township and village governments are still being battered by a confluence of negative trends: 1. Declining state aid due to political decisions […]
Posted inTalent & Education
Schools take tax repeal personally
Elimination of the personal property tax could cost schools $548 million, according to an analysis by the non-partisan House Fiscal Agency. The state’s personal property tax isn’t really personal, but rather a tax mainly incurred by businesses for things such as commercial furniture, industrial machinery and utility equipment. Senate Bill 34, now under consideration by […]
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