MI HB4404

Amends the industrial processing exemption in Michigan's sales tax law to clarify that certain equipment used in sawmill operations qualifies for tax exemption, effective July 13, 2010.

Exempts front-end loaders, forklifts, pettibone lifts, skidsters, multipurpose loaders, knuckle-boom log loaders, tractors, and log loaders used to unload logs from trucks at sawmill sites and load lumber onto trucks for transportation from the site.

Maintains existing industrial processing exemptions for machinery, equipment, and materials used in production activities, including remanufacturing, quality control, and material handling within or between plant sites.

Clarifies that property exempt from taxation must be used exclusively for the stated exempt purpose, with exemptions limited to the percentage of exempt use to total use as approved by the Department of Treasury.

Takes effect only if Senate Bill 198 of the 95th Legislature is also enacted into law.