MI HB4207

Exempts eligible broadband equipment of qualified businesses from taxation under the railroad property tax act (1905 PA 282) if the equipment is exempt from general ad valorem property taxes under the general property tax act

Requires qualified businesses to electronically file an annual exemption claim with the Michigan high-speed internet office by February 20, with the office forwarding documentation and recommendations to the department of treasury

Mandates the state treasurer to estimate annual revenue lost from exemptions and deposit that amount into the state school aid fund from the general fund to offset the loss

Takes effect 90 days after enactment, contingent on passage of Senate Bill or House Bill 4208

Applies terms and definitions from the general property tax act for "eligible broadband equipment," "lack of broadband service," "Michigan high-speed internet office," and "qualified business"