7/7/14- The Greater Brighton Area Chamber of Commerce held a luncheon this afternoon to inform the community about what it feels is a critical measure . Citizens interested in learning more attended to hear Lieutenant Governor Brian Calley advocate for Proposal 1. The soon to be voted on Personal Property Tax reform will appear on the ballot next month. Calley says the Personal Property Tax has slowed economic growth and punishes job providers by imposing taxes on their capital investments. The Personal Property Tax bases its rate on a businessâ equipment, regardless of its condition. The Lt. Governor says this tax has been in place for over 100 years, thought despite the longevity, he is not aware of resistance to Proposal 1. Calley tells WHMI a wide spread knowledge of the proposal is currently the biggest obstacle. If the proposed plan were to pass, tax rates will not be raised and Calley foresees an increase in job creation. He also informed attendees that the proposal will create a reliable funding system for community uses, such as libraries, schools and emergency services. Included in Calleyâs promotion on Proposal 1, he notes that this has and still is a âcritical time in Michiganâs historyâ in order to change the trajectory of the stateâs destined circumstances. Michiganâs tax practices have gone from being ranked 49th in the nation, to residing in the top 10. Calley encourages voters casting their ballot in August to vote Yes on Proposal 1 in order to move forward with the stateâs success. (DK)
↧