MI HB5168

Exempts from use tax tangible personal property sold for assembly, use, or consumption in connection with large agricultural processing facility projects in Michigan

Applies to property purchased by facility operators or contractors engaged in constructing, altering, repairing, or improving such facilities

Exemption limited to property that becomes a structural or integral part of the agricultural processing facility or its infrastructure improvements

Defines "agricultural processing facility" as a Michigan facility that transforms, packages, sorts, or grades livestock, agricultural commodities, or plant products into goods for intermediate or final consumption (excluding forest products)

Requires minimum capital investment of $100,000,000 for a project to qualify as a "large agricultural processing facility project"