A bill to amend 1994 PA 451, entitled “Natural resources and environmental protection act,” by amending section 36109 (MCL 324.36109), as amended by 2016 PA 265.
Provides a state income tax credit for owners of farmland and related buildings engaged in farming operations, under development rights agreements or agricultural conservation easements. The tax credit is designed for those whose property taxes exceed 3.5% of their total household resources, with specific conditions and exclusions applied.
Introduced
by
Referred to the Committee on Government Operations
