Blue Cross: Plan Nets Roughly $4M in Local Taxes - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Blue Cross: Plan Nets Roughly $4M in Local Taxes


LANSING, Mich. (AP) - Blue Cross Blue Shield of Michigan says it could pay roughly $4 million annually in local property taxes with most going to the cash-strapped city of Detroit if the Legislature and Gov. Rick Snyder approve a proposed overhaul.
Michigan's largest insurer estimates it would pay more than $2.6 million on properties it owns in Detroit based on 2011 tax rates. The remainder would go to Lansing, Southfield, Grand Rapids Township, New Hudson, Marquette and Utica for properties there.
The proposal passed last week by the Senate would end Blue Cross' tax-exempt status, ease regulations and move from a charitable trust to a customer-owned nonprofit. Spokesman Andrew Hetzel said Thursday it provides new revenues "during a time of tight budgets."
Snyder vetoed overhaul legislation in December because of an anti-abortion rider.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WLNS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Click Here to link to the FCC's public inspection file for WLNS-TV and Here to view the WLAJ-TV file. Persons with Disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: Teresa Morton- Program Director for WLNS and WLAJ at 517-372-8282. Questions or concerns relating to the accessibility of the FCC's public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or