Modifies property tax exemptions for nonprofit corporations in Michigan.
This bill amends the property tax exemption for nonprofit corporations in Michigan. It clarifies that nonprofit corporations can apply for exemptions even if their property is not eligible under other subsections. It also specifies exemptions for certain properties owned by nonprofit charitable institutions or charitable trusts, including those leased to other nonprofits or governmental entities. Additionally, it exempts properties of qualified conservation organizations and those used by nonprofit corporations for specific purposes, such as housing disabled persons.
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