Senate Bill 1111 Summary

• Amends the General Sales Tax Act (1933 PA 167, MCL 205.54a) to add a new sales tax exemption for tangible personal property sold to former municipal health facilities corporations acquired by business organizations under the municipal health facilities corporations act.

• Exemption applies for a period of not more than 12 years beginning on the date of sale or transfer of ownership of the municipal health facilities corporation to the business organization.

• Makes technical corrections to subsection (4) regarding retroactive application of amendments from 2018 PA 113 to agricultural exemptions, clarifying these apply to all open assessment periods but exclude refund claims filed before April 9, 2018.

• Adds definitions for aquatic vegetation, algae, higher aquatic plants, biomass, greenhouses, portable grain bins, and agricultural land tile to clarify existing exemptions.

• Bill contains a tie-bar provision requiring enactment of a companion bill (SB 1114 or HB request no. 06661'18) before taking effect.