Policy update: personal property tax cut.

Position:Small business, Michigan Senate - Brief Article
 
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A personal property tax cut for small business has passed the Michigan House and is being considered by the Michigan Senate. HB 4234, as amended, exempts businesses with less than $7,500 in personal property from paying the tax. Although it has been watered down through the amendment process, this legislation is designed to help small businesses hire workers.

Fierce opposition from local governments has stalled the bill because a portion of...

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