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HB 5955

Property tax: exemptions; exemption from state education tax for certain residential property and certain agricultural property; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9q.

2023-2024 Regular Session Introduced by Jim DeSana and 2 co-sponsors

HB 5955 exempts specified residential and agricultural properties from Michigan's state education property tax, potentially reducing school funding unless alternative revenue sources compensate.

bill electronically reproduced 09/26/2024
#propertytax:exemptions #propertytax:stateeducationtax
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Bill Summary · HB 5955

Legislative bill overview

HB 5955 proposes to amend Michigan's property tax code by adding a new exemption from the state education property tax for certain residential and agricultural properties. The bill would create a new section (9q) in the 1893 Property Tax Act to define which properties qualify for this exemption.

Why is this important

Property tax exemptions directly affect state education funding, as the education property tax is a primary revenue source for Michigan schools. This bill could reduce education tax revenue while lowering property tax burdens for qualifying homeowners and farmers, creating a tradeoff between tax relief and school funding availability.

Potential points of contention

  • Education funding impact: Exempting residential and agricultural properties from education taxes reduces revenue to public schools unless other funding sources replace it
  • Definition of "certain" properties: The bill's language doesn't specify which residential or agricultural properties qualify, leaving significant ambiguity about scope and cost
  • Equity concerns: Exemptions may shift tax burden to non-qualifying property owners and businesses, raising fairness questions about who bears the cost

Compiled from official sources — confirm details with the bill’s official record.

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