2012 Senate Bill 1069 ↩

House Roll Call 864: Passed

To gradually eliminate the so-called “personal property tax” levied on tools and equipment used by manufacturing firms (including things like assembly lines. Another bill in this package would reduce (but not eliminate) the amount of this tax extracted from commercial businesses, and others would reimburse the revenue that local governments and school districts now collect from it. This property tax on business tools and equipment currently costs Michigan employers around $1.2 billion annually, which over time would fall to about half that amount.