MI HB6050

Extends industrial facilities exemption for manufacturing personal property on facilities that held exemption certificates as of December 31, 2011.

Allows eligible manufacturing personal property to remain exempt from ad valorem property taxes and continue paying only the industrial facilities tax under existing law.

Exemption continues until the property would otherwise become exempt under sections 9m, 9n, or 9o of the 1893 General Property Tax Act.

Defines "eligible manufacturing personal property" by reference to the Personal Property Tax Exemption Reimbursement Act.