HB 5878 - Repeals the Personal Property Tax - Michigan Key Vote

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Title: Repeals the Personal Property Tax

Vote Smart's Synopsis:

Vote to pass a bill that repeals personal property tax in Michigan.

Highlights:

  • Exempts all personal property that is not already eligible for another exemption from personal property taxes after December 31, 2026 (Sec. 9q).

  • Requires the owner of personal property, when claiming an exemption under this act, to file a statement with the local tax collecting unit including the amount of tax paid on the property in 2026, and an attestation that no other exemption is available for such property (Sec. 9q).

  • Specifies that this act takes effect 90 days after passage (Sec. 1).

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