Mich. Senate Passes Personal Property Tax Cuts - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Mich. Senate Passes Personal Property Tax Cuts

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The Michigan Senate has passed a package of bills that would roll back the personal property taxes businesses pay by hundreds of millions of dollars.

They were changed Thursday so local governments, school districts and libraries would be assured most of the money will be replaced. Republican supporters say the bills would remove a tax on computers and machines that is making Michigan businesses less competitive.

Local jurisdictions would receive reimbursements from the state as tax credits expire. Democratic opponents say many would still see a cut, despite changes made to the package.

They say that could hurt Michigan's ability to attract businesses if it can't provide a good education and decent services for citizens. The bills passed largely along party lines and now head to the House.

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