2016 House Bill 5545 / Public Act 109

Revise details of tax on business equipment (personal property tax)

Introduced in the House

April 13, 2016

Introduced by Rep. Jeff Farrington (R-30)

To revise details and procedures related to local property taxes levied on business tools and equipment (called the “personal property tax”), and the complex system of exemptions and state subsidies to local governments enacted as part of attempts by the last two legislatures to phase out this tax. This relates to the complex system of exemptions and state subsidies to local governments enacted as part of attempts by the last two legislatures to phase out this tax.

Referred to the Committee on Tax Policy

In the Senate

April 20, 2016

Reported without amendment

Without amendment and with the recommendation that the bill pass.

In the House

April 20, 2016

Passed in the House 107 to 1 (details)

To revise details and procedures related to local property taxes levied on business tools and equipment (called the “personal property tax”), and the complex system of exemptions and state subsidies to local governments enacted as part of attempts by the last two legislatures to phase out this tax.

Received in the Senate

April 21, 2016

Referred to the Committee on Finance

April 28, 2016

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Passed in the Senate 36 to 0 (details)

To revise details and procedures related to local property taxes levied on business tools and equipment (called the “personal property tax”), and the complex system of exemptions and state subsidies to local governments enacted as part of attempts by the last two legislatures to phase out this tax.

Received in the House

April 28, 2016

Passed in the House 107 to 1 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

May 5, 2016