Property tax: personal property; personal property tax; eliminate. Amends sec. 19 of 1893 PA 206 (MCL 211.19) & adds sec. 9q. TIE BAR WITH: HB 5879'26, HB 5880'26

Summary

Starting in 2027, any personal property that isn’t already covered by a separate exemption under the state property tax act will be exempt from tax. Owners must file an annual statement confirming no other exemption applies and report the 2026 tax paid, while local tax offices send exemption data to the treasury. The measure only becomes law if two companion bills also pass.

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