Introduced by Rep. Andy Meisner (D) on September 19, 2007, to repeal the business capital tools and equipment property tax (personal property tax) exemption that is allowed for certain industrial air and water pollution control equipment. The bill was introduced in the midst of a contentious budget battle and according to news reports, some of the provisions were intended to pressure the business community into supporting tax hikes that would allow the state to avoid spending cuts.
Referred to the House Tax Policy Committee on September 19, 2007.
1) electric shock therapy? [by Anonymous Citizen on December 3, 2007] With the recent changes made to the tax code, the energy policy of the state, the application of non uniform property tax valuation, DEQ zealots who grant exemption to one company and deny to others, and now this? Do you realize there are over 6,000 air and water exemptions out there saving our largest manufacturers hundreds of millions each year?
Please give Tony Early a call and tell him to bulid his new nuclear plant in Ohio or Indiana - MI is not interested in his multi billion dollar investment and the three coal plants, maybe we can just run our personal Honda generators on ethanol or learn to read in the dark?
Three new coal fired plants are on the boards, none can determine what it will cost them to build in MI as it is, and now this.
Where is the petition for part time legislature - you all need a more permanant vacation.
The best we can hope for is for MI to secede from the union and join Canada, at least we will have health care, but then you already have health care. Reply
2) Liberal Tax [by Anonymous Citizen on September 25, 2007] Can we make that new Liberal Tax 100%? Reply
3) "no vote explanation of" [by Admin003 on September 25, 2007] Rep. Sheen, having reserved the right to explain his protest against the passage of the bill, made the following statement:
"Mr. Speaker and members of the House:
HB 5256 - These are deductions that were created to encourage business to purchase and install air and water pollution devices. This is a legitimate deduction not a loop-hole."