TRAVERSE CITY, MI -- In Monday's Fact Finder report, 7&4 News breaks down Proposal 5, which is a proposal to amend the state constitution to limit the enactment of new taxes by state government
This proposal would:
Require a 2/3 majority vote of the State House and the State Senate, or a statewide vote of the people at a November election, in order for the State of Michigan to impose new or additional taxes on taxpayers or expand the base of taxation or increasing the rate of taxation.
This section shall in no way be construed to limit or modify tax limitations otherwise created in this Constitution.
Watch our full Fact Finder report to learn more about Proposal 5.
