HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Michigan House repeals pe... » Reply #20
Introducing Discussionist: A new forum by the creators of DU

Response to Bozita (Original post)

Fri Dec 14, 2012, 10:12 AM

20. It's a badly named tax -- it's not about personal property at all

" The personal property tax, or PPT, is levied against industrial and commercial equipment and furniture. It would begin to be phased out over 10 years beginning in 2013."

It was a tax on office furniture and equipment. I do think it's a discouragement to businesses who want to invest in new equipment. Imagine having to pay extra taxes on new computers for your office. Or because you get new chairs for your employees.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.