State lawmakers voted this week to give tax breaks to Michigan businesses as it’s part of an incentive plan to attract manufacturers.
Supporters say this is a way for small businesses to also benefit from an economic development package directed mostly at largescale investment. It increases the value of certain property that businesses can hold without paying taxes.
Amanda Fisher directs Michigan’s chapter of the National Federation of Independent Business’s Michigan chapter.
“All businesses in Michigan matter, right? We need big business. We need small business. So, we felt like this was something that wasn’t overly expensive that we could do to help”
But critics say lawmakers need to provide local governments a way to make up for lost tax revenue.
The bill would not take effect until the end of 2022.