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Category Archives: Personal Property Tax

August 1, 2019

Treasury Announces Upcoming Local Government Summit

*Update 8/27/2019 - Michigan Department of Treasury released additional conference information and full agenda. Click here for more information.* Earlier today, officials from the Michigan Department of Treasury released the details and opened registration for their upcoming annual Local Government Summit.  This has…
July 19, 2019

Legislative Update – Mid-Summer Edition

The Legislature’s summer recess continues throughout the month of July, as leaders meet with their respective caucuses to determine what approach(es) they might take during negotiations with the Governor on road funding. While tentative session days are scheduled this month,…
May 29, 2019

PPT Reimbursement Update

As Treasury continues to implement changes to the state's Personal Property Tax reimbursement system that were enacted last year, many communities received the second portion of their 2018 reimbursement distributions from the Local Community Stabilization Authority (LCSA) in recent days.…
February 13, 2019

PPT Reimbursement Error Correction Process Announced

Earlier this afternoon Treasury staff shared the following information as part of the 2018 amendments that the League supported to the state's Personal Property Tax reimbursement system.  A key component of last year's law change allows communities to seek corrections…
October 29, 2018

Decoding October’s PPT Reimbursement Payment

On October 20th, the Local Community Stabilization Authority began distributing approximately $200 million to local units of government as reimbursement for their annual losses related to the new Personal Property Tax system.  The October payments represent the third year of…
October 19, 2018

Pre-Election Legislative Wrap Up & Lame Duck Predictions

Earlier this month the Legislature wrapped up its pre-election session schedule, meeting for nine days between Labor Day and the first week of October.  Both chambers recessed on October 4th until their scheduled return on November 7th, following the General…
October 9, 2018

Legislature Continues Debate Over PPT Reimbursements

As communities prepare for the next round of personal property tax reimbursements later this month, the Legislature is continuing the discussion over how any dollars remaining after all losses are reimbursed at 100% are to be distributed to local governments. …
September 7, 2018

Treasury Announces Local Government Summit

Treasury's Community Engagement & Finance Division published the following announcement earlier today for their upcoming Local Government Summit on October 10th at Livonia's Laurel Manor conference facility.  League staff will be participating on the Legislative Panel scheduled that afternoon. The…
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