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Voters approve replacement of personal property tax

Proposal 1, the proposal to do away with the personal property tax paid by businesses, was approved in a big way by Michigan voters in Tuesday’s primary. The measure passed with 863,953 voting yes, and 382, 407 voting no.

The legislature had already agreed on a plan for reform, but since the revenue raised funded local governments, they needed a way to replace those funds. This will be done via a portion of the state’s current use tax, which will be redirected to create a new local tax. The revenue of this new tax would be distributed to local governments as reimbursement for lost personal property tax. A new special authority will be created to levy the tax and distribute the revenue. Voters needed to approve 

“The bipartisan passage of Proposal 1 is another successful step in Michigan’s economic reinvention and a great victory for the small business owners and our manufacturing companies throughout our state as well as our local communities,” said Governor Rick Snyder. “As I’ve traveled Michigan, so many small business owners have been hurt by this burdensome Personal Property Tax. I’m proud that we’ve been able to put aside partisan differences and all work together to once again help relieve the tax burden on Michiganders. Today’s vote to remove the Personal Property Tax is one more way we are helping to create more and better jobs in Michigan.”

Other proposal results:

Kent County Senior Millage passed 65 percent to 35 percent.

Kent District Library Millage passed 57 percent to 43 percent.

Algoma Township Fire Millage Renewal passed 79 percent to 21 percent.

Solon Township Fire Millage .50 mill passed 54 percent to 46 percent. The vote was close—420 yes votes to 357 no.

Sparta Township Prop. 1 Fire Equipment Millage passed 73 percent to 27 percent. Their Prop 2 Fire improvement millage also passed, 68 percent to 32 percent.

Sparta Schools millage renewal passed 68 percent to 32 percent.

Tyrone Township Prop. 1 Fire Millage renewal passed 78 percent to 22 percent.

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