MI SB0563

Expands agricultural property tax exemptions to include machinery used to install or implement soil and water conservation techniques on qualified agricultural property.

Limits the exemption to machinery used for soil and water conservation on qualified agricultural property; machinery used on other property types is not exempt.

Requires property owners claiming the exemption to report the machinery's percentage of exempt use in their tax statement filed under section 19.

Defines "soil and water conservation techniques" as techniques described in the field office technical guide published by the U.S. Department of Agriculture's Natural Resources Conservation Service.

Effective December 21, 2011.