As of January 1, 2015 Michigan eligible industrial and commercial personal property will be exempt from personal property tax.

Michigan voters approved the measure on August 5, 2014, allocating a portion of the state use tax to fund the elimination of the personal property tax on eligible industrial and commercial personal property. The reduction in the state portion of the use tax has been replaced with a local community stabilization share of the tax to fund the exemption of eligible industrial and commercial personal property from the personal property tax.