MI HB5309

Adds sales tax exemption for textbooks purchased by full- or part-time college students at Michigan institutions of higher education when student presents valid student identification card and textbook is required for a course being taken.

Defines "institution of higher education" as degree- or certificate-granting public or private college, university, junior college, or community college in Michigan.

Defines "textbooks" as books specifically written, designed, or produced for educational, instructional, or pedagogical purposes.

Maintains existing sales tax exemptions for nonprofits, agricultural operations, newspapers, medical equipment, and other specified categories under MCL 205.54a.

Limits exemptions to property used for stated exempt purposes, with exemption percentage determined by reasonable formula or method approved by the department.