SB 0690
Land use: farmland and open space; legal arrangements eligible for tax credits; expand. Amends sec. 36109 of 1994 PA 451 (MCL 324.36109). TIE BAR WITH: SB 0688'25, SB 0686'25, SB 0689'25, SB 0687'25, SB 0685'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill expands the availability of tax credits for farmland and open space owners who have legal arrangements in place, such as development rights agreements or agricultural conservation easements. It clarifies eligibility rules for various property owners, including partners in partnerships, shareholders in S corporations, and those with life estates. The bill also provides a pathway for certain S corporations to claim credits previously unavailable to them, and establishes a process for tracking permanent conservation easements.
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