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GOP eases back on increase in tax exemption.

Publication: Crain's Detroit Business
Publication Date: 29-MAR-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: GOP eases back on increase in tax exemption.(News)(Grand Old Party)

Article Excerpt
A Republican proposal to exempt $10,000 worth of businesses' personal property from taxes may be watered down this week in the face of strong local-government opposition to the revenue loss.

A substitute expected to be offered for House Bill 4234 would lower the exemption to $5,000 and make it available only to "qualified small businesses'' with gross annual sales of less than $5 million. Even in the bill's narrower form, businesses say it's a foot in the...

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