Personal Property Tax Reform

Date: October 28, 2014 Last Edit: February 26, 2016

NFIB Victories in Michigan!

Personal Property Tax Reform

Starting in 2014, small business owners with commercial personal property less than $80,000 True Cash Value will be exempt from paying any personal property tax as the last piece of the Personal Property Tax reform proposal was approved by Michigan voters on an August of 2014 statewide ballot.

The legislation will phase out the industrial portion
of the tax over six years beginning in 2016 with all industrial personal
property purchased after 2011 becoming completely exempt in fiscal year
2015-16.

For more information go HERE

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