MI HB5890

Adds exemption for grain drying equipment and the fuel or energy source powering that equipment for agricultural purposes, along with tangible personal property affixed to grain drying equipment or portable grain bins.

Expands agricultural exemption to include machinery capable of simultaneously harvesting grain and biomass, and clarifies exemptions for agricultural land tile and subsurface irrigation pipe used in production of agricultural products.

Extends exemption to persons in the business of constructing, altering, repairing, or improving real estate who purchase agricultural land tile, portable grain bins, and grain drying equipment that will be affixed to real estate used for exempt agricultural purposes.

Defines "biomass" as crop residue used to produce energy or agricultural crops grown specifically for energy production.

Clarifies that exemptions for agricultural equipment do not include transfers of food, fuel, clothing, or similar property for personal consumption, nor property permanently affixed to real estate except for specified equipment categories.