Michigan HB4373 proposes exemptions from the state education tax for certain residential and agricultural properties.

Michigan HB4373 amends the state education tax to exempt certain residential and agricultural properties from the tax. Specifically, it exempts properties classified under section 34c of the general property tax act and agricultural properties with a single-family dwelling occupied by an owner actively involved in agriculture. The bill also defines terms like "general property tax act" and "tax" for clarity. The amendments would apply to taxes levied after December 31, 2025.

Michigan HB4373 proposes exemptions from the state education tax for certain residential and agricultural properties.

Michigan HB4373 amends the state education tax to exempt certain residential and agricultural properties from the tax. Specifically, it exempts properties classified under section 34c of the general property tax act and agricultural properties with a single-family dwelling occupied by an owner actively involved in agriculture. The bill also defines terms like "general property tax act" and "tax" for clarity. The amendments would apply to taxes levied after December 31, 2025.