GRAND RAPIDS (WZZM) - Business and government leaders gathered at a sheet metal shop Tuesday to throw their support behind Proposal 1.
Proposal 1 would eliminate the personal property tax paid by owners of businesses and other organizations. Michigan is one of the few states in the nation with such a tax and Proposal 1 supporters say eliminating it would improve the state's business climate, as well as provide a more stable source of tax revenue from its replacement.
Proposal 1 is the only statewide ballot question facing Michigan voters in the August primary. Repeal of the personal property tax has been a priority for over a decade for Michigan's business community; it was only this year that a political solution was reached to reimburse cities and towns for the revenue they would lose. Some of that money would come from the expiration of a variety of business tax credits.
Tab DeJonge, owner of Constructive Sheet Metal, told a news conference Tuesday: "It is clear that the personal property tax is an antiquated and never-ending tax that must go."