Property tax: exemptions; exemption from state education tax for certain residential property and certain agricultural property; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9q. TIE BAR WITH: HB 4373'25

House Bill 4374 proposes to exempt certain properties from the state education tax, effective for taxes levied after December 31, 2025. This bill directly affects owners of residential real property and specific agricultural properties. To qualify, agricultural property must have a single-family dwelling occupied by an owner actively involved in farming who has not claimed a principal residence exemption on other property. The bill will only take effect if House Bill 4373 is also enacted into law.