This bill amends the existing law regarding the taxation of lessees and users of tax-exempt property in Michigan. It specifies that if real property, which is exempt from ad valorem property taxation, is leased or used by a private entity for profit, the lessee or user will be taxed as if they owned the property. However, several exceptions to this rule are outlined, including federal properties, properties used for public concessions, and properties utilized in conjunction with fairs or special events lasting no more than 14 days. Additionally, the bill introduces a new category of exemption for commercial properties located in HOPE zones, while maintaining the existing definitions and exclusions related to casinos.

The bill also includes a provision that it will not take effect unless certain other bills from the 103rd Legislature are enacted into law. This ensures that the implementation of the changes proposed in this bill is contingent upon the passage of related legislation, thereby creating a coordinated approach to property taxation in Michigan.

Statutes affected:
House Introduced Bill: 211.181