- Posted April 03, 2014
- Tweet This | Share on Facebook
Lt. gov. signs remaining personal property tax reform bills
On Tuesday, Michigan Lt. Gov. Brian Calley signed the remaining eight bills of a bipartisan package of legislation that provides more stable local government revenue for essential services, including police and fire protection, as the obsolete, job-killing personal property tax is phased out.
Gov. Rick Snyder signed the other three bills last week before leaving on an international trade mission to Europe.
The changes are supported by a broad coalition of local government, school and business organizations, and will provide an estimated 100 percent reimbursement to municipalities for lost personal property tax revenue.
Currently, a municipality's personal property tax revenue can be significantly impacted by the loss of an employer. This package offers more financial stability to municipalities as they provide services that enhance the quality of life for all Michiganders.
"Michigan is the comeback state, and these reforms will help our businesses grow and provide our communities with stable revenue for essential services, like police and fire protection, that improve the quality of life for all Michiganders," Calley said. "The personal property tax hurt our Michigan companies and made the state less attractive to job-providers seeking a place to locate. This bipartisan package of bills will encourage job creation and help our communities and our businesses thrive."
The changes will require voter approval.
The bills Calley signed Tuesday are:
--Senate Bill 821, sponsored by state Sen. Jack Brandenburg, replaces the Michigan Metropolitan Areas Metropolitan Authority Act with the Local Community Stabilization Authority Act and revises the distribution of local use tax revenue. It is now Public Act 86 of 2014.
--SB 823, sponsored by state Sen. John Proos, amends existing law that allows for the extension of PA 328 exemptions to ensure that if the new local reimbursement plan is presented to the voters and isn't approved, the extension provision would be repealed. It is now PA 87.
--SB 824, sponsored by state Sen. John Pappageorge, amends existing law to transfer the duties of the Metropolitan Extension Telecommunications Rights of Way Oversight Authority to the Local Community Stabilization Authority. It is now PA 88.
--SBs 826, 827 and 828, sponsored by state Sens. Mark Jansen, Steve Bieda and Jim Ananich, respectively, amend existing laws that create the manufacturing and small taxpayer PPT exemptions to ensure that if the new local reimbursement plan is presented to the voters and isn't approved, the exemptions would be repealed. The bills are now PAs 89-91.
--SB 829, sponsored by state Sen. Rebekah Warren, repeals the Local Unit of Government Essential Services Special Assessment Act and creates the State Essential Services Assessment Act, which provides for the levy of an assessment to fund essential services on personal property that is subject to the manufacturing exemptions. It is now PA 92.
--SB 830, sponsored by state Sen. Mike Nofs, provides for the levy of an abated assessment on certain manufacturing personal property that receives an exemption from the state essential services assessment. It is now PA 93.
Visit legislature.michigan.gov for additional information.
Article V Section 26 of the Michigan Constitution gives authority to the lieutenant governor when the governor is out of state.
Published: Thu, Apr 3, 2014
headlines Oakland County
- Leading role: Firm’s new CEO ‘humbled by trust placed in me’
- Oakland County teams with United Way for Southeastern Michigan to launch water affordability program
- Dept. raises awareness about the need for loving homes during Foster Care Month
- Disbarred attorney sentenced for stealing from elderly client of law firm
- Murder trial opens in death of Detroit-area teen whose disappearance led to grueling landfill search
headlines National
- Civil legal aid lawyers are often the last line of defense. Why are there so few of them?
- Bankruptcy law firm files for Chapter 11 after losing advertising dispute
- Dentons and Boies Schiller face $300M racketeering suit after client loses international arbitration
- Mother’s Day and the changing face of family dynamics and custody arrangements
- Federal judge reprimanded for handcuffing teen spectator in scared-straight approach
- Lawyer whose firm sued Boeing finds emergency slide that fell from company’s plane near his home