michigan taxes

7:35 am
Fri May 23, 2014

One Proposal on August Ballot in Michigan

Lead in text: 
Plan to eliminate Personal Property Tax and replace revenue needs voter approval
LANSING - Michigan voters will see one statewide ballot issue on the Aug. 5 primary ballot: Proposal 1, which will officially get rid of the personal property tax and guarantee that cities and towns will have a source of revenue that will replace the tax.
6:43 am
Wed February 26, 2014

Replacement Proposed for Personal Property Tax Revenue

Lead in text: 
Bill replace $470-million in annual revenues generated by the tax for municipal budgets
LANSING - Local officials have been in a financial tizzy since December 2012, when the Michigan Legislature approved bills that will phase out the personal property tax on business equipment and office furniture.
7:19 am
Thu February 20, 2014

Michigan House Committee Approves Tax Cut Proposal

Lead in text: 
Bill adds to debate over what to do with a projected state budget surplus
The House plan would reduce Michigan's personal income tax rate from 4.25 percent to 4.15 percent in October and again to 4.05 percent in 2016. The rate would drop by an addition .1 percent if the state realized a budget surplus of at least $300 million in any given fiscal year, but automatic cuts could not occur in consecutive years.
6:45 am
Thu February 13, 2014

Poll Shows Support for Spending Michigan Surplus on Roads and Schools

Lead in text: 
Survey finds smaller support for tax cut
While lawmakers in Lansing are debating the best way to provide tax relief with the state’s nearly $1-billion budget surplus, voters in Michigan have much different thoughts on how to spend the extra cash.
6:36 am
Fri January 3, 2014

With revenue surplus, state lawmakers consider tax cut

Lead in text: 
Improving economy has boosted tax revenue
House Speaker Jase Bolger, R-Marshall, said the money belongs to taxpayers, not the state government, and lawmakers should look at tax relief ahead of any spending plans. He wouldn't specify any tax cut plans, except to say cuts should be broad-based and benefit individuals as opposed to corporations.