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Friday, Dec. 14, 2012 - The Michigan Chamber of Commerce today applauded passage of legislation to finally begin elimination of Michigan’s burdensome and uncompetitive business personal property tax. Elimination of the PPT was a top legislative priority of the Michigan Chamber for 2012.
“Untangling this Gordian knot has eluded legislators for decades,” noted Tricia Kinley, Senior Director of Tax & Regulatory Reform for the Michigan Chamber. “We finally have a structure in place to move ahead.
“This legislation takes a meaningful step forward to address the complicated business climate issue while creating a reliable source of revenue for local governments who depend on this revenue for daily operations,” continued Kinley.
“Passage of this legislation sends a strong and positive message to job providers that Michigan continues to be serious about improving our business climate,” Kinley concluded.