The bill amends the existing environmental protection laws in Michigan, specifically 1994 PA 451, by adding a new section, 36109b. This section allows owners of farmland and related buildings that are subject to specific conservation easements and development rights agreements to claim a credit under section 36109, provided that these agreements were executed before January 1, 2025. The bill aims to incentivize the preservation of agricultural land and promote conservation efforts by offering financial benefits to landowners who engage in these agreements.

Additionally, the enactment of this amendatory act is contingent upon the passage of several other bills from the 103rd Legislature, specifically Senate Bills No. 686 through 690 and No. 699. The act is designed to take immediate effect once these conditions are met, reflecting a coordinated legislative effort to enhance environmental protections and support agricultural conservation in Michigan.

Statutes affected:
Substitute (S-1): 324.101, 324.90106
Senate Introduced Bill: 324.101, 324.90106
As Passed by the Senate: 324.101, 324.90106
As Passed by the House: 324.101, 324.90106
Senate Enrolled Bill: 324.101, 324.90106