Anderson Economic Group Work

The Michigan Personal Property Tax: Effects of Repeal on Michigan’s Economy and Tax Revenues, 2012

For current information related to PPT reform and Proposal 14-1 please see: Analysis of Proposal 1: Personal Property Tax Reform and the Michigan Economy

In recent years, the Michigan Personal Property Tax (PPT) has attracted consistent criticism from Michigan’s business community. Beginning in the 2011, the pressure for reform increased since a business tax credit worth 35% of PPT liability was repealed as part of a 2012 business tax overhaul, which led to the creation of the new corporate income tax (CIT). The purpose of this report is twofold: to qualitatively discuss the effect of repealing the PPT on Michigan’s economy, and to describe the effects of repeal on local and state government tax revenues.


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