Bill > HB5878

This bill, effective 90 days after enactment and contingent on the passage of other related bills, aims to eliminate personal property taxes for taxes levied after December 31, 2026, by amending "The general property tax act." Specifically, it introduces a new section (9q) that exempts most personal property from taxation, unless an exemption is already available under another section of the act. To claim this new exemption, property owners must annually file a statement of personal property with their local tax collecting unit, along with a separate statement to the Department of Treasury attesting that no other exemption applies and providing information on the property tax paid in 2026. The bill also modifies existing requirements in section 19, mandating that personal property statements must still be filed even if the property is exempt from taxes, and that these notices must inform owners about all available exemptions, including the new one under section 9q, and how to claim them.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5878