MI SB1115

Adds new exemption (ff) to the Use Tax Act for tangible personal property not for resale sold to a former municipal health facilities corporation acquired by a business organization under the Municipal Health Facilities Corporations Act, effective for up to 12 years from the date of acquisition.

Corrects grammatical errors in subsection (4) by changing "Subsections" to "Subsection" and "do" to "does" to reflect that only subsection (1)(f), (bb), and (cc) as amended by 2018 PA 114 are retroactive.

Makes the retroactive amendments apply to all periods open under the statute of limitations but excludes refund claims filed before April 9, 2018 from retroactive application.

Adds definitions for agricultural land tile, algae, aquatic vegetation, biomass, greenhouse, higher aquatic plant, portable grain bin, and waters of the state to clarify existing exemptions.

Bill does not take effect unless companion bill Senate Bill 1114 of the 99th Legislature is enacted into law.