Blog tagged as Taxation

Mayor Asks For Speeding Movement Of Land Tax Reform 

09/01/23 02:50 PM - By Team MIRS - Comment(s)
Mayor Asks For Speeding Movement Of Land Tax Reform 
(DETROIT) -- Detroit Mayor Mike Duggan urged the Legislature Thursday to pass by the end of October his property tax reform plan so the Detroit City Council has time to put it on the 2024 presidential primary ballot.

Manufacturers Concerned Paid Leave Equals $1.5B Payroll Tax

08/28/23 05:06 PM - By Team MIRS - Comment(s)
Manufacturers Concerned Paid Leave Equals $1.5B Payroll Tax
The Michigan Manufacturers Association (MMA) expressed concern Friday that Gov. Gretchen Whitmer 's idea to create a paid family and medical leave policy would be paid for through a payroll tax similar to what was done in Minnesota.

Suit Filed To Keep Income Tax Rate At 4.05% 

08/25/23 12:33 PM - By Team MIRS - Comment(s)
Suit Filed To Keep Income Tax Rate At 4.05% 
A coalition of groups, individuals and lawmakers filed suit against the state treasurer Thursday in an effort to preserve the income tax cut that took effect this year.

States Revenues Down $93.6M Year To Date Revenues Off $1.74B

07/14/23 11:46 AM - By Team MIRS - Comment(s)
States Revenues Down $93.6M Year To Date Revenues Off $1.74B
Total collections on the state’s major taxes during the month of June came out to $2.974 billion – down $93.6 million from June of 2022.

Detroit Seeks To Hike Taxes On Blighted And Vacant Property

06/01/23 03:24 PM - By Team MIRS - Comment(s)
Detroit Seeks To Hike Taxes On Blighted And Vacant Property
Detroit Mayor Mike Duggan announced a new property tax plan Wednesday that would increase taxes on land while reducing building taxes, which he said would address the persistence of blighted and abandoned properties in the city.