Municipal Finance Archives - Page 25 of 32

December 7, 2012

Part of PPT package passes House in stripped down versions

Last night the House passed part of the personal property tax package, House Bills 6022, 6024-6026. These bills reflect the PPT reimbursement mechanism identified by the Lt. Governor. The bills were stripped down to their introduced versions and passed in…

December 7, 2012

Bill Requiring Locals Report Past Due Taxes on Tax Bills Passes House

The Michigan House of Representatives has passed SB 972, which now goes back to the Senate for concurrence then will go to the Governor for his signature. Earlier in the year, the League testified in opposition to SB 972, a…

December 6, 2012

Contact Congress to Preserve Federal Tax Exemption on Municipal Bonds

As the debate over how to reduce the deficit continues, tax expenditures—including the federal exemption for municipal bonds—are going to be on the table. Please contact your congressional delegation and let them know how important this exemption is for communities.…

December 6, 2012

New Emergency Manager Law Passes Committee, Primed for House Passage

New Emergency Manager legislation passed the House Local, Intergovernmental and Regional Affairs Committee today. The new language was substituted into SB 865, which passed the Senate last year.The brand new language was just made available to legislators and interested parties. The…

December 4, 2012

House Hearing on Personal Property Tax Fails to Answer Many Questions

Sterling Heights City Manager Mark Vanderpool and CFO Brian Baker testify in Lansing Tuesday about the personal property tax.LANSING, Michigan – The first of two hearings on a plan to reform Michigan’s personal property tax had more questions than answers…

November 30, 2012

Effort Underway to Pass Marketplace Fairness in US Senate – Contact Levin and Stabenow Today!

It has been reported that Senators Richard Durbin (IL), Michael Enzi (WY) and Lamar Alexander (TN) are planning to file a motion to add Marketplace Fairness Act (S. 1832) to the Defense Authorization Bill (S. 3254). This action could happen…

November 28, 2012

New Personal Property Tax Plan Released by Lt Governor Calley

Lt. Governor Brian Calley has revealed his newest plan to eliminate and replace the personal property tax. The proposal will take parts of the plan that passed the Senate back in March and add additional components. The League’s position continues…

November 27, 2012

Competitive Grant Assistance Program Round Open with New Applicant Guide Available

The Competitive Grant Assistance Program (CGAP), which was formerly known as the EVIP grants, is now open for applicants. The Department of Treasury says that the purpose of this grant is to provide incentive-based grants to offset the costs associated…

November 26, 2012

Committee reports bill requiring past due tax amounts to be posted

Last week the House Tax Policy Committee passed a substitute for SB 972, a bill that would require local municipalities to inclue past due amounts on all tax bills. It would require thata taxpayer be notified of delinquent property taxes…