LANSING, Mich. — Machinery used to install or implement soil and water conservation techniques is now exempt from the personal property tax after legislation sponsored by state Sen. Mike Green was signed into law by Gov. Rick Snyder.
Senate Bill 563, now Public Act 290 of 2011, only exempts the machinery if the equipment is used for agriculture purposes.
“Equipment used for agriculture conservation efforts is now exempt from the personal property tax like all other farming equipment is, which will help promote soil and water conservation projects in the state,” said Green, R-Mayville. “I thank Governor Snyder for his endorsement.”
While reducing the tax burden on equipment owners, the impact on local government revenue will likely be negligible, according to the nonpartisan Senate Fiscal Agency.
SB 563 passed the Senate by a vote of 37-1 and the House by 103-5 and is supported by the Michigan Farm Bureau.
The post Green bill exempting soil and water conservation machinery from PPT becomes law appeared first on Senator Mike Green.