Michigan voters will have a chance to drive the final nail into the coffin of the state’s Personal Property tax this summer. The Board of State Canvassers today designated the PPT question as Proposal 1 on the August 5 ballot. It will be the only statewide question on the ballot.
Businesses pay the tax based on the value of their equipment and other assets. Many Michigan communities rely on the tax revenues to pay for basic city services.