2023 House Bill 4338

Property tax: personal property; small business personal property tax exemption; modify.

A bill to amend 1893 PA 206, entitled “The general property tax act,” by amending section 9o (MCL 211.9o), as amended by 2021 PA 150.

Official record

Mackinac Center Analysis

Increases the exemption of a business’s personal property from property taxes to $360,000 from the current $100,000 exemption. Businesses are subject to property taxes based not just on the value of their land and buildings, but on the value of their inventory, supplies and equipment.

Introduced in the House

March 23, 2023

Introduced by Rep. Alicia St. Germaine (R-62) and 9 co-sponsors

Co-sponsored by Reps. Tom Kunse (R-100), Matt Hall (R-42), John Roth (R-104), Kathy Schmaltz (R-46), Timothy Beson (R-96), Gregory Alexander (R-98), Matt Bierlein (R-97), Luke Meerman (R-89) and Greg Markkanen (R-110)

Referred to the Committee on Tax Policy