Mich. House Votes To Kill Business Personal Property Tax

Law360, New York (March 26, 2014, 2:54 PM EDT) -- The Michigan House of Representatives on Tuesday voted by an overwhelming bipartisan majority to pass a package of tax bills that would phase out the state’s personal property tax on qualifying industrial and commercial equipment.

According to supporters of the legislation, the current personal property tax caused businesses to avoid opening in Michigan or to halt commercial growth in the state, draining schools and local communities of essential tax revenue.

“Under the PPT, businesses throughout our state were being punished for expanding, so it was essential...
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