DETAILS
Main idea: Tax commercial and industrial real estate at a higher rate than homes. Allocate increase to lower wage and business net income taxes over 10 years.
Main idea: Tax commercial and industrial real estate at a higher rate than homes. Allocate increase to lower wage and business net income taxes over 10 years.
Why: Advocates say lower wage and business taxes will attract business to the city, adding jobs, tax revenue.
Rate: Increase commercial and industrial millage from 1.34 percent to 1.54 percent.
Wage tax: Cut wage tax, now 3.92 percent for residents, to below 3 percent.
Business net income rate: Half of the 6.43 percent rate.
But: State law requires all real estate - homes and businesses - to be taxed at a uniform rate.
Trick: To change the law, state legislators would have to vote to put the measure on the ballot, which would take at least two years.
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