Mike Hewitt nails Prop1: Mike was asked if he had read all the - TopicsExpress

Mike Hewitt nails Prop1: Mike was asked if he had read all the bills of the proposition. I have, yes. Phase out the Personal Property Tax or PPT on industrial and commercial personal property. Levy an Essential Services Assessment millage tax on industrial property that is exempted from the PPT. Split the State Use Tax into two taxes, a State Share Tax and a Local Community Stabilization Share Tax. Create a Local Community Stabilization Authority to administer the Local Community Stabilization Share Tax. Replace the revenue local governments would lose without the PPT with revenue from the Local Community Stabilization Share Tax. Replace some of the revenue the state government would lose with revenue from the Essential Services Assessment.

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