Gov. Snyder Signs Bills so Cities Don't Lose Revenue

By: Associated Press
By: Associated Press

LANSING, Mich. (AP) -- Michigan Gov. Rick Snyder has signed legislation designed to ensure local government budgets aren't hurt if manufacturers and small businesses get planned tax cuts.
A phase-out of taxes on industrial machinery starts in 2016 and is underway for small businesses with equipment. The tax cuts will be halted if a statewide vote fails in August.
The bipartisan legislation Snyder signed Friday incorporates a recent deal worked out among his administration, municipalities and business leaders to fully reimburse cities for their lost personal property tax revenue with other state revenue. The Republican governor calls the tax "dumb" and says it's a disincentive for businesses to come to Michigan.
Snyder and legislators in 2012 phased out the taxes but left unresolved a way to ensure counties, cities and townships are made whole.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 252991571 - wilx.com/a?a=252991571