State Lawmakers introduce bill to eliminate personal property tax

Legislation will be introduced in Lansing today to phase out the state's personal property tax. The PPT is an industrial tax, based on property held by, for example, a local plant. Revenue goes to that local government for things like police and fire departments. Business groups say phasing out the tax will be a boon for job growth. But others say it will negatively effect the ability of many local communities to fight crime, as well as fires.

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