1 “Public Act 86 of 2014” (State of Michigan, April 1, 2014), sec. 5(r)(i)–5(r)(x), http://goo.gl/X16r56 (accessed June 30, 2014).

2 David Zin, “The State and Local Impact of Property Taxes Levied on Michigan Personal Property” (Michigan Senate Fiscal Agency, 2011), Table 16, http://goo.gl/WLc2i (accessed May 22, 2014); “Summary of Tax Exemption Devices” (Wisconsin Department of Revenue, Feb. 2013), http://goo.gl/hxnJng (accessed June 12, 2014).

3 Joyce Errecart, Ed Gerrish and Scott Drenkard, “States Moving Away From Taxes on Tangible Personal Property” (Tax Foundation, 2012), 2, http://goo.gl/NLz5LD (accessed May 22, 2014).

4 David Zin, “The State and Local Impact of Property Taxes Levied on Michigan Personal Property” (Michigan Senate Fiscal Agency, 2011), 2, http://goo.gl/WLc2i (accessed May 22, 2014).

5 MCL § 211.14(7).

6 MCL § 211.901-906; MCL § 207.1-27.

7 “The Michigan Property Tax Real and Personal 2008 Statistical Update” (Michigan Department of Treasury, Sep. 2010), 19, http://goo.gl/Ucaie2 (accessed May 22, 2014).

8 David Zin, “The State and Local Impact of Property Taxes Levied on Michigan Personal Property” (Michigan Senate Fiscal Agency, 2011), 10, http://goo.gl/WLc2i (accessed May 22, 2014).

9 Ibid., Table 13 – Page 5.

10 James Hohman, “Eliminate the Personal Property Tax Without Replacement” (Michigan Capitol Confidential, Oct. 7, 2011), http://goo.gl/eI6Fh8 (accessed May 22, 2014).

11 Joyce Errecart, Ed Gerrish and Scott Drenkard, “States Moving Away From Taxes on Tangible Personal Property” (Tax Foundation, 2012), 7–9, http://goo.gl/NLz5LD (accessed May 22, 2014).

12 Ibid., 11.

13 MCL § 207.551-572.

14 “Property Tax Exemptions” (Michigan Department of Treasury), http://goo.gl/ppHro6 (accessed May 22, 2014).

15 David Zin, “The State and Local Impact of Property Taxes Levied on Michigan Personal Property” (Michigan Senate Fiscal Agency, 2011), Table 1, http://goo.gl/WLc2i (accessed May 22, 2014).

16 MCL § 211.9k

17 “Personal Property Tax Reductions and Related Michigan Business Tax Credits” (Michigan Department of Treasury), http://goo.gl/3UMnDd (accessed May 22, 2014).

18 “Tangle On Personal Property Tax Opens In Senate,” Gongwer News Service, Feb. 9, 2011.

19 Peter Luke, “Gov. Rick Snyder Signs Michigan Business/Income Tax Overhaul into Law,” Bridge Magazine (MLive.com, May 25, 2011), http://goo.gl/8NeHhr accessed June 19, 2014).

20 “Manufacturers: Personal Property Tax Has To Be In The Mix,” Gongwer News Service, March 23, 2011.

21 “PPT Elimination Eyed As Next Big Business Tax Change,” Michigan Information & Research Service, June 2, 2011.

22 “Personal Property Tax Reform Fight Begins,” Gongwer News Service, April 17, 2012.

23 “Personal Property Tax Phase-out: S.B. 1065-1072 (S-2)” (Michigan Senate Fiscal Agency, July 26, 2012), http://goo.gl/cw9w6G (accessed June 19, 2014).

24 Ibid.

25 “Substitute for Senate Bill No. 1072” (Michigan Legislature, May 10, 2012), sec. 9, http://goo.gl/3MDkpt accessed June 19, 2014).

26 “Senate Bill No. 1069” (Michigan Senate, May 10, 2012), sec. 9M(5), http://goo.gl/WRjTvK (accessed June 19, 2014); “Senate Bill No. 1068” (Michigan Senate, May 10, 2012), sec. 21D(2), http://goo.gl/xfhG2R (accessed June 19, 2014); “Senate Bill No. 1065” (Michigan Senate, May 10, 2012), sec. 11A(2), http://goo.gl/wQdULS (accessed June 19, 2014).

27 “Senate Substitute for House Bill No. 6026” (Michigan House, Dec. 14, 2012), http://goo.gl/IDFcRM (accessed June 19, 2014).

28 Ibid.

29 “Public Act 406 of 2012” (State of, Dec. 20, 2012), http://goo.gl/ o7z4cM accessed June 16, 2014).

30 “Public Act 407 of 2012” (State of Michigan, Dec. 20, 2012), http://goo.gl/GXGgwt accessed June 16, 2014).

31 “P.P.T. Elimination Headed To Snyder With Vote Requirement,” Gongwer News Service, Dec. 13, 2012.

32 Mich Const. Art. IX § 25.

33 “Snyder Signs P.P.T. Bills, Says Ends Second Dumbest Tax In State,” Gongwer News Service, Dec. 20, 2012.

34 “New Local Funding Formula Adds Wrinkle To Budget,” Michigan Information & Research Service, Feb. 5, 2014.

35 “Personal Property Tax Revisions: A Summary of Senate Bills 821-830 As Passed By The Senate” (Michigan House Fiscal Agency, March 10, 2014), 4, http://goo.gl/h10kBQ (accessed June 20, 2014).

36 “Public Act 92 of 2014” (State of Michigan, April 1, 2014), Enacting section 3, http://goo.gl/m3Rltl accessed June 20, 2014).

37 Ibid., sec. 5(2)(a)–(c).

38 “Public Act 92 of 2014” (State of Michigan, April 1, 2014), sec. 9, http://goo.gl/m3Rltl (accessed June 20, 2014); “Public Act 93 of 2014” (State of Michigan, April 1, 2014), sec. 5(2)(a)–(c), http://goo.gl/ C8Yr9J accessed June 21, 2014).

39 Michigan Office of Revenue and Tax Analysis Chief Economist and Director Jay Wortley, phone correspondence with James Hohman, June 27, 2014.

40 Suzanne Lowe and David Zin, “Personal Property Tax Revisions, Summary of House-Passed Bill (entrolled Version)” (Michigan Senate Fiscal Agency, March 26, 2014), 16, http://goo.gl/q9eI4T (accessed May 23, 2014).

41 “Public Act 92 of 2014” (State of Michigan, April 1, 2014), sec. 9(3)(c), http://goo.gl/m3Rltl (accessed June 20, 2014).

42 Suzanne Lowe and David Zin, “Personal Property Tax Revisions, Summary of House-Passed Bill (entrolled Version)” (Michigan Senate Fiscal Agency, Mar. 26, 2014), 19, http://goo.gl/q9eI4T (accessed May 23, 2014).

43 Rick Snyder and John E. Nixon, “Executive Budget, Fiscal Years 2015 and 2016” (State of Michigan, 2014), http://goo.gl/87bzOX (accessed June 30, 2014); “State Spending From State Resources, FY 2012 Versus FY 2013-14” (Michigan Senate Fiscal Agency, March 21, 2014), http://goo.gl/dksxxy (accessed June 30, 2014).

44 “Public Act 93 of 2014” (State of Michigan, April 1, 2014), Enacting Section 2, http://goo.gl/C8Yr9J (accessed June 21, 2014).

45 Michigan Office of Revenue and Tax Analysis Chief Economist and Director Jay Wortley, email correspondence with James Hohman, July 1, 2014.

46 David Zin, “The State and Local Impact of Property Taxes Levied on Michigan Personal Property” (Michigan Senate Fiscal Agency, 2011), 9, http://goo.gl/WLc2i (accessed May 22, 2014).

47 Mike Hudson and Ed Garsten, “Gov. Fights for Factory Jobs,” The Detroit News, Aug. 7, 2003, http://goo.gl/GUHZI3 (accessed June 30, 2014).

48 “Public Act 401 of 2012” (State of Michigan, 2012), http://goo.gl/ P6CUY0 accessed June 30, 2014).

49 “2014 Senate Bill 821: Revise 2012 ‘personal Property Tax’ Reform Law (Senate Roll Call 60)” (Michigan Votes, March 4, 2014), http://goo.gl/9NXDgl (accessed June 25, 2014).

50 “Senate Bill No. 658” (Michigan Senate, Oct. 31, 2013), http://goo.gl/GkAjCi (accessed June 25, 2014).

51 “Public Act 80 of 2014” (State of Michigan, March 28, 2014), sec. 3(5)(a)–(n), http://goo.gl/w0gQqH accessed June 20, 2014).

52 Presentation “Michigan Personal Property Tax Reform and Local Revenue Stabilization Package,” email correspondence with Office of Lieutenant Governor, June 27, 2014.

53 Author’s calculations based on MCL § 141.913(5).