MI SB1580

Expands exemptions from the Cemetery Regulation Act to include corporations with more than 48% ownership by a qualified charity, in addition to existing exemptions for municipal corporations, churches, and religious institutions.

Requires corporations seeking exemption based on charitable ownership to submit a certified statement from a Michigan-licensed CPA describing and certifying the nature of their charitable ownership to the commissioner.

Mandates annual submission of the CPA certification to maintain exemption status, with corporations losing exemption within 30 days of falling below the 48% charitable ownership threshold.

Maintains existing exemptions for small cemeteries (10 acres or less) owned exclusively by nonprofit entities with burials before September 15, 1968, including exemption from fee provisions and endowment care trust fund requirements.

Defines "qualified charity" as entities qualifying under Internal Revenue Code Section 501(c)(3) or trusts where the sole beneficiary is the cemetery.