Exempts personal property used in agricultural operations from personal property tax.

This bill amends the Michigan Compiled Laws to exempt certain personal property used in agricultural operations from personal property tax. Specifically, it exempts property used in farming, including machinery for harvesting crops and biomass, methane digesters, and equipment for generating electricity or heat from biogas. It also exempts products, materials, or goods in transit to destinations outside the state, located in public warehouses, docks, or port facilities. Exemptions are subject to certain conditions and verification by relevant departments.

Exempts personal property used in agricultural operations from personal property tax.

This bill amends the Michigan Compiled Laws to exempt certain personal property used in agricultural operations from personal property tax. Specifically, it exempts property used in farming, including machinery for harvesting crops and biomass, methane digesters, and equipment for generating electricity or heat from biogas. It also exempts products, materials, or goods in transit to destinations outside the state, located in public warehouses, docks, or port facilities. Exemptions are subject to certain conditions and verification by relevant departments.