Bills Call for 100% PPT Reimbursement for Counties
LANSING, Mich., Feb. 25, 2014 /PRNewswire-USNewswire/ -- The Michigan Association of Counties (M.A.C.) would like to thank the Snyder administration and key legislators in the House and Senate for their new approach to personal property tax (PPT) reforms. Today the House and Senate introduced legislation that will provide for 100% reimbursement to counties stemming from local revenue losses associated with the reform of PPT.
The proposed legislation will make several clarifications to the law and amend the August ballot proposal language to increase budget stability for local communities and assist businesses in creating more jobs.
"We are glad the administration recognizes the value counties provide to Michigan residents, and we are eager to partner with the legislature to spur economic growth by supporting this tax reform," said M.A.C. Director of Governmental Affairs, Deena Bosworth. "Replacement of this local revenue source is key to providing good communities where businesses and residents can thrive."
These changes still require a vote of the people in the August primary, but retain the provision that if the ballot proposal does not pass, both the tax reform and the local reimbursement reform are repealed.
M.A.C. looks forward to working with the legislature to ensure local communities are provided with stable revenue while continuing to support the growth of Michigan's economy.
The Michigan Association of Counties (M.A.C.) founded on February 1, 1898, is the only statewide organization dedicated to the representation of all county commissioners in Michigan. M.A.C. is a non-partisan, non-profit organization which advances education, communication and cooperation among county government officials in the state of Michigan. M.A.C. is the counties' voice at the State Capitol, providing legislative support on key issues affecting counties.
SOURCE Michigan Association of Counties