PPT repeal measure signed by governor

For Immediate Release                
March 28, 2014              

Contact: Greg Moore

LANSING, Mich.— Legislation dealing with the elimination of the Personal Property Tax (PPT) was signed into law Friday in Lansing, said Sen. Mike Nofs, R-Battle Creek.

Senate Bill 822, which represents one of the final legislative actions necessary to effectively repeal the PPT, will help fund vital assistance to local governments. The elimination of the PPT has been a priority of this session as it is a tax that is considered dated and a barrier to new investment by municipal leaders and the business community alike.

“I want to thank Lieutenant Governor Calley and his staff, as well as all those who worked so hard crafting this bi-partisan legislation,” said Nofs. “This marks the conclusion of nearly four years of work and represents an important step in making Michigan more competitive for job providers.”

SB 822 is now Public Act 80 of 2014.