MI SB1112

Expands the definition of "eligible business" to include businesses engaged primarily in health care services, effective on the bill's enactment date.

Allows eligible local assessing districts and Next Michigan development corporations to adopt resolutions exempting new personal property owned or leased by eligible businesses (including health care providers) from property tax collection.

Requires written agreements with eligible businesses receiving exemptions after December 31, 2016, including remedy provisions for violations and requirements for exemption revocation or tax repayment.

Specifies that eligible manufacturing personal property exempt under this section remains exempt until the later of when it would be exempt under other sections (9m, 9n, 9o) or when the resolution exemption expires.

Requires eligible businesses to deliver combined documents annually to local assessors indicating that new personal property qualifies as eligible personal property.