Exempts qualified hydrogen fuel pumps from property tax.
The bill amends Michigan's property tax laws to exempt qualified hydrogen fuel pumps from property tax. A qualified hydrogen fuel pump is defined as a machine or device used to fill motor vehicles with hydrogen fuel, meeting either the H35 or H70 standard. This exemption applies to all personal property classified as industrial or commercial personal property and constituting a qualified hydrogen fuel pump, effective after December 31, 2025.
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