MI HB5573

Amends Michigan's General Property Tax Act to define "nonprofit charitable institution" as a Michigan nonprofit corporation that is exempt from federal taxation under section 501(c)(3) of the Internal Revenue Code.

Real or personal property owned and occupied by nonprofit charitable institutions solely for their incorporated purposes remains exempt from property tax collection.

Property owned by nonprofit charitable institutions that is leased or made available to other nonprofits, charitable trusts, nonprofit hospitals, or nonprofit educational institutions also qualifies for exemption when used for qualifying purposes.

Property owned by qualified conservation organizations held for conservation purposes and open to state residents for educational or recreational use (hiking, bird watching, cross-country skiing) is exempt from property taxes.

Makes technical corrections throughout the statute, updating phrases like "his or her" to "the chief executive officer's" and replacing date references with specific dates such as "January 10, 2007."