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2019 House Bill 4215: Increase small business tool-tax exemption
Introduced by Rep. Diana Farrington R-Sterling Heights on February 19, 2019
To increase from $80,000 to $100,000 the cap on the value of a business establishment’s tools and equipment that are subject to a state “personal property tax.” The current cap was put in place by a 2012 law.   Official Text and Analysis.
Referred to the House Tax Policy Committee on February 19, 2019