MI HB6051

Exempts qualified new personal property from property tax collection beginning December 31, 2015 and continuing annually thereafter.

Requires property owners to file an affidavit with the local tax collecting unit and Department of Treasury by May 1, 2016 to claim the exemption, with the affidavit form prescribed by the Department of Treasury.

Owners filing the exemption affidavit in 2016 are not required to file a statement under section 19 in 2016, and are fully exempt from all filing requirements in 2017 and subsequent years.

Defines "qualified new personal property" as eligible manufacturing personal property purchased new from a manufacturer, dealer, distributor, or vendor after December 31, 2011, that was not in use or placed in service in or outside Michigan before January 1, 2012.

Requires property owners to provide documentation evidencing the purchase date to the local assessor upon request in years after 2016.