Personal Property Tax Bills Signed by Governor Snyder

Posted on by

Holland Mayor Kurt Dykstra was among the dignitaries who attended the personal property tax bill signing ceremony Friday (March 28, 2014) with Governor Rick Snyder.

On Friday Governor Rick Snyder signed a ten bill package that represents months of negotiations on personal property tax (PPT) reform. The Michigan Municipal League’s message on PPT has consistently been 100 percent, guaranteed replacement. The bills do represent 100 percent replacement and a more stable reimbursement mechanism.

The legislation, Senate Bills 821-830, begins fading out PPT in 2016.  The exception is the small parcel exemption for personal property of less than $80,000 true cash value which went into effect December 31, 2013.

The League will be holding a webinar on PPT reform in the coming weeks.

Samantha Harkins is the Director of State Affairs for the Michigan Municipal League.  She can be reached at 517-908-0306 or email at sharkins@mml.org