MI HB4208

Exempts eligible broadband equipment from property tax collection beginning December 31, 2023, if provided by a qualified business that received federal or state broadband expansion funding or delivers speeds of at least 100 megabits per second downstream and 10 megabits per second upstream

Eligible broadband equipment includes fiber optic cable, conduit, antennas, routers, servers, and related transmission equipment installed after December 31, 2023 and before December 31, 2028, and used for no more than 10 years

Qualified businesses must file annual certification with the Michigan high-speed internet office by February 20 each year, describing the equipment and certifying exemption requirements are met

State treasurer must estimate annual revenue loss from exemptions on January 1 each year and deposit that amount into the state school aid fund from the general fund

Takes effect 90 days after enactment and is contingent upon passage of House Bill 4207