MI HB4211

Amends the State Education Tax Act to add a new subsection (4) exempting real property from state education tax for taxes levied after December 31, 2014.

Maintains the existing 6 mills state education tax rate on all non-exempt property beginning in 1994, with a temporary reduction to 5 mills in 2003 only.

Preserves existing exemptions for industrial personal property classified under the General Property Tax Act, with an exception for turbines powered by gas, steam, nuclear energy, coal, or oil used to generate electricity for sale (effective December 31, 2011).

Creates a distinction between personal property and real property for taxation purposes under the state education tax.