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Bill to Fully Fund Communities and Schools After Repeal of Personal Property Tax Passes Michigan Legislature, Signed by Gov. Snyder

Governor Rick Snyder signed a bipartisan plan to make communities and schools whole after repeal of the Personal Property Tax on Friday, March 28, completing another successful step in making Michigan more globally competitive. Following overwhelming support by the Michigan House earlier in the week, Governor Snyder signed a new 10-bill package that has been designed to reimburse local communities for lost revenue after the original plan was met with opposition from local governments and school groups.

The Chamber has been a major advocate for the repeal of the personal property tax, which will effectively put Michigan manufacturers on a level playing field with global competition and make the state more attractive to site selectors, as it eliminates taxes on qualifying industrial and commercial parcels. To read more, click here.