2009 House Bill 4866

Extend business tool and equipment tax

Introduced in the House

April 29, 2009

Introduced by Rep. Jim Marleau (R-46)

To leased items to extend the property tax imposed on business tools and equipment (“personal property tax”) to equipment that is leased, and to equipment owned by a leasing company and located on commercial real estate. House Bill 4867 would extend a Michigan Business Tax credit that currently applies to tools and equipment owned by a firm so as to also cover leased tools and equipment.

Referred to the Committee on Tax Policy