Exempts large agricultural processing facility projects from use tax on tangible personal property.

This bill amends Michigan's use tax law to exempt tangible personal property used in large agricultural processing facility projects from the tax. A "large agricultural processing facility project" involves construction, expansion, or retooling of a facility with a capital investment of at least $100 million. The exemption applies to property used in connection with the project, provided it is affixed to or integral to the facility or infrastructure improvements. The exemption does not apply to forest products.

Exempts large agricultural processing facility projects from use tax on tangible personal property.

This bill amends Michigan's use tax law to exempt tangible personal property used in large agricultural processing facility projects from the tax. A "large agricultural processing facility project" involves construction, expansion, or retooling of a facility with a capital investment of at least $100 million. The exemption applies to property used in connection with the project, provided it is affixed to or integral to the facility or infrastructure improvements. The exemption does not apply to forest products.