2007 House Bill 4370 ↩

Senate Roll Call 224: Passed

To exempt industrial business tools and equipment (personal property) from the 6-mill state education property tax, and all business personal property from the 18-mill local school operating tax, as part of the "Michigan Business Tax" proposal described in <a href="http://www.michiganvotes.org/2007-SB-94">Senate Bill 94</a>. Reductions in state and local school tax revenues would be reimbursed by the proportionately higher business tax rates that bill would impose.