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Fri Dec 14, 2012, 01:01 AM

Michigan House repeals personal property tax [View all]

Last edited Fri Dec 14, 2012, 02:09 AM - Edit history (1)

Source: Detroit Free Press

Michigan House repeals personal property tax
10:40 PM, December 13, 2012
By Kathleen Gray
Free Press Lansing Bureau

LANSING — The personal property tax was repealed Thursday night by the state House of Representatives, giving businesses a $590 million a year tax break.

The bill passed 57-52, a one-vote cushion because bills need 56 votes to pass. 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.

There’s widespread agreement that the tax should be eliminated, but local communities fear the loss of the revenue that helps them pay their bills.

“These series of bills are going to impact our communities and there’s no escaping it,” said state Rep. Harold Haugh, D-Roseville.

The Michigan Municipal League and Michigan Association of Counties both oppose the bill because it doesn’t provide for 100% of replacement of the revenues to local communities.

Read more: http://www.freep.com/article/20121213/NEWS06/121213086/Michigan-personal-property-tax-repeal-House-of-Representatives?odyssey=tab|topnews|text|FRONTPAGE

This is exactly what happens when voters elect folks who do not believe in government to run government!

It's been a Teabagger orgy in Lansing all this week during the lame duck session. These folks are fucking nuts!

It's like the Energizer Bunny on meth.

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