state_legiscan_drain · MI
Property tax: personal property; personal property tax; eliminate. Amends sec. 19 of 1893 PA 206 (MCL 211.19) & adds sec. 9q. TIE BAR WITH: HB 5879'26, HB 5880'26
April 22, 2026
Summary
If enacted, this bill would eliminate the personal property tax on business equipment and other tangible personal property in Michigan. This would reduce operating costs for businesses that currently pay the tax, and the bill amends existing tax law with ties to companion legislation. The change may affect business financials but does not directly alter mortgage or lending regulations.
Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5878
Common questions
- What does "Property tax: personal property; personal property tax; eliminate. Amends sec. 19 of 1893 PA 206 (MCL 211.19) & adds sec. 9q. TIE BAR WITH: HB 5879'26, HB 5880'26" cover?
- If enacted, this bill would eliminate the personal property tax on business equipment and other tangible personal property in Michigan. This would reduce…
- When was it published?
- It was published on April 22, 2026.