MI HB4818

Clarifies that revenue lost from personal property exemptions under sections 9m, 9n, and 9o of the General Property Tax Act must be deposited into the state school aid fund from use tax collections.

Requires persons claiming exemptions under section 4cc (data center equipment) to annually report the purchase price and other information to the department to determine revenue loss to the school aid fund.

Changes statutory language from "shall" to "must" in reference to reporting requirements for data center equipment exemptions.

Maintains existing provisions for distribution of use tax collections to the general fund, school aid fund, local community stabilization authority, state aeronautics fund, and qualified airport fund.