State Rep. Matt Hall, of Marshall, speaks on legislation strengthening Michigan’s elections process before the Michigan House on Thursday, Oct. 14.
House Tax Policy Committee Chair Matt Hall, of Marshall, today highlighted recently signed legislation which cuts taxes for small businesses throughout Michigan.
House Bill 5351, which became Public Act 150 of 2021 when it was signed into law in December, increases the value of the eligible manufacturing personal property tax exemption from $80,000 to $180,000 – providing additional and needed tax relief. The $80,000 threshold has not been changed for a number of years, Hall said, and allowing more personal property to be exempt from taxes will provide help for more small businesses.
“Many small businesses in Calhoun and Kalamazoo counties were hurt by Gov. Whitmer’s executive orders during COVID-19,” Hall said. “These are trying circumstances. Small businesses have been through a lot, and I want to provide them with real relief in the form of lowered taxes. As these pivotal job providers and local economic drivers work to get back on their feet, they should not be hurt further by burdensome tax measures. The House Tax Policy Committee saw this legislation as a practical approach to helping our local businesses in their recovery – and I prioritized getting it into law.”
The proposal continues Hall’s steadfast work for small businesses. As chair of the House Tax Policy Committee, he also guided a proposal allowing certain small businesses to claim their state and local tax deductions at the federal level to the governor’s desk for signature into law. The Michigan Chamber of Commerce previously estimated the new law would save qualifying small businesses nearly $200 million on their federal taxes every year, beginning in tax year 2021.
House Tax Policy Committee Chairman Matt Hall, of Marshall, today introduced legislation to establish clearer, more uniform personal property tax parameters. The plan will lead to savings for small businesses and put more money into state and local economies. House Bill 5702 exempts all personal property taxes beginning with the 2023 tax year. Hall noted […]
State Rep. Matt Hall, of Marshall, today said plans he developed and voted to send to the governor’s desk have delivered transformational economic opportunity to Michigan – and will continue to do so in the future.
House Tax Policy Committee Chairman Matt Hall, of Marshall, today said Gov. Gretchen Whitmer failed to put forth impactful plans to meet the needs of hard-working people and families during her annual State of the State address.
State Rep. Matt Hall today testified on his legislation to make Michigan more competitive in attracting cutting-edge jobs. House Bill 5601 creates a research and development tax credit for certain industries, including electric battery technology, advanced automotive projects, semiconductors and life sciences. Surrounding states such as Ohio, Indiana, Wisconsin and Pennsylvania all offer this type […]