Treasury Offers New Guidance on Personal Property Tax Reimbursements

Treasury’s Office of Revenue and Tax Analysis recently provided the following guidance for municipalities claiming reimbursement for their small taxpayer exemption loss.  This guidance follows in line with the expected final passage of House Bills 4553-4558.  Please let us know if you have any questions.

PPT2015DebtRateCalculationNoticeNonSchools061115 (2)

Chris Hackbarth is the League’s director of state affairs. He can be reached at 517-908-0304and chackbarth@mml.org