MI HB4318

Amends Section 9 of the 1893 Property Tax Act to modify personal property tax exemptions for agricultural operations, specifically adding machinery used to install land tile and soil/water conservation techniques on qualified agricultural property.

Adds definition that "new personal property" under Section 9f exemptions does not include qualified solar energy facilities as defined in the solar energy facilities taxation act, effective for resolutions adopted after December 31, 2023.

Requires written agreements with remedy provisions for all personal property tax exemptions granted by eligible local assessing districts or Next Michigan development corporations after December 31, 2016, including provisions for revocation and potential tax repayment for violations.

Takes effect immediately upon enactment, contingent on House Bill 4317 of the 102nd Legislature being enacted into law.