Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Local Community Stabilization Authority Act
The Local Community Stabilization Authority (LCSA) Act, 2014 Public Act 86, (MCL 123.1341 to 1213.1362) provides for reimbursements to municipalities for operating and debt millages based on personal property taxable value declines and Eligible Manufacturing Personal Property (EMPP) acquisition costs.