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mainer

(12,016 posts)

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

Reply to Bozita (Original post)

Fri Dec 14, 2012, 11:12 AM

Dec 2012

" 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.

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Highlight:

Michigan House repeals personal property tax [View all] Bozita Dec 2012 OP

Taxes SamKnause Dec 2012 #1

Taxes 2 SamKnause Dec 2012 #2

Yeah, the inclusion of the word *personal* Art_from_Ark Dec 2012 #10

How did these nutbags get elected?? I thought MI was blue.... SunSeeker Dec 2012 #3

Horrible - horrible - turnout in 2010 among Democrats (nt) UrbScotty Dec 2012 #6

Us Democrats need to get it through our heads that this is indeed a war against the middle class jwirr Dec 2012 #16

It Is Part Of The 2010 Debacle DallasNE Dec 2012 #7

Perhaps that needs to be the subject of a criminal investigation Coyotl Dec 2012 #17

I'm encouraged after seeing Michael Moore on Ed Show Left Coast2020 Dec 2012 #4

I've NEVER seen Michael Moore more animated or passionate ReRe Dec 2012 #9

Some States Limit Scope Of Lame Duck Sessions DallasNE Dec 2012 #5

And in some places, there is no such thing as a 'lame-duck' session UrbScotty Dec 2012 #8

The 'new' city council xxqqqzme Dec 2012 #12

I want to say that SheilaT Dec 2012 #11

FINALLY! Now I can hang the Monet in my powder room. nt DCKit Dec 2012 #13

WTH!? blackspade Dec 2012 #14

Wrong. It's a corporate property tax. n/t ProfessionalLeftist Dec 2012 #15

And how are they going to plug Kelvin Mace Dec 2012 #18

And with the freshly minted "Emergency Manager Law" on the books... toddwv Dec 2012 #19

It's a badly named tax -- it's not about personal property at all mainer Dec 2012 #20