personal property tax

What are the Michigan Personal Property Tax Reform Key Provisions?

Beginning in 2014, Michigan is phasing out its Personal Property Tax (PPT) for most businesses.

The tax reform will:

  1. Substantially reduce compliance and administrative costs for businesses.
  2. Be especially attractive to manufacturers using expensive capital investments in tools and other equipment.
  3. Phase our will happen over 10 years.

For a summary of the timing of the PPT phase out and other provisions, please visit the referenced article from the Michigan Economic Development Corporation, or contact Brian McFarren at (231) 726-5815 or bmcfarren@brickleydelong.com