Senate Passes Bill That Would Roll Back Property Taxes for Businesses

The Michigan Senate has passed a bill that would roll back the personal property taxes businesses pay by hundreds of millions of dollars.

Republicans said Thursday that the bill would remove a tax on computers and machines that is making Michigan businesses less competitive. They argue local governments, school districts and libraries will get back most of the money from payments from the state.

Democrats say many would still see a cut, despite major changes made to the bill through amendments. They say that could hurt Michigan's ability to attract businesses if it can't provide a good education and decent services for citizens.

The Republican-controlled Senate voted 22-15 to pass the bill, with one senator excused for the day. The measure now heads to the House.

Copyright Associated Press