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.