Natural resources: other; HOPE zone exemption; provide for. Amends sec. 51105 of 1994 PA 451 (MCL 324.51105). TIE BAR WITH: HB 5852'26

Summary

The bill changes the law that taxes commercial forests so that any forest land located in a designated HOPE zone does not have to pay the annual specific tax. It applies only to forest parcels that the department certifies and the township supervisor notifies. The exemption works together with the existing Renaissance‑zone exemption and only becomes active if a companion bill is enacted.

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