Taxation: other; HOPE zone exemption; provide for. Amends sec. 1 of 1953 PA 189 (MCL 211.181). TIE BAR WITH: HB 5852'26, HB 5856'26

Summary

The bill says that if a property that is normally exempt from ad valorem tax is leased or used for profit, the lessee must pay tax as if they owned it. It excludes federal property, certain public‑use concessions, fair‑related use, historic horse‑racing revenue, renaissance‑zone lands, public‑bridge concessions, and commercial property in HOPE zones—except casinos. The changes only become law if two companion bills (HB 5852 and HB 5856) also pass.

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