MI HB5525

Replaces the term "shall" with "must" in MCL 205.94s to update statutory language regarding use tax exemptions for nonprofit hospitals and housing entities.

Clarifies the definition of "nonprofit hospital" to include portions of buildings owned or operated by entities exempt under IRC section 501(c)(2) or (3) that provide medical attention.

Updates cross-references to the Internal Revenue Code to specify "of 1986" and corrects section citations to IRC 501(c)(2) to (3) rather than just "501."

Corrects the ending citation for hospices from MCL 333.21420 to MCL 333.21419 to reflect amendments to the public health code.

Takes effect 90 days after enactment, contingent on enactment of Senate Bill No. ____ or House Bill No. 5510 (request no. 04667'19).