Prop 1 Interview Today With James Hohman From Mack Ctr For Public Policy
I will be interviewing James M. Hohman Assistant Director of Fiscal Policy at the Mackinac Center for Public Policy, in the 9 o’clock hour on today’s Live with Renk Show.
The interview will be about Proposal 1, is it a good reform for Michigan?
While individuals only pay property taxes on their real estate, businesses pay a personal property tax on their machinery and equipment in addition to any real property taxes they owe.
Proposition 1 would exempt small businesses with less than $80,000 worth of equipment from having to pay this tax; would eliminate these taxes on new manufacturing equipment; and phase in relief for existing manufacturing equipment.
Stay tuned to my show Live with Renk from 9 am to noon Monday through Friday.