Property tax: classification; definition of qualified agricultural property; modify. Amends sec. 7dd of 1893 PA 206 (MCL 211.7dd). TIE BAR WITH: HB 5696'26

HB 5945 amends Michigan's property tax law to clarify definitions of 'owner,' 'principal residence,' and 'qualified agricultural property.' The bill updates who qualifies as an owner to include various individuals and entities, such as those in trusts or cooperative housing corporations. It also refines the definition of a principal residence to account for specific situations like military deployment and partial rentals, while ensuring unoccupied land remains classified as agricultural if more than half the acreage is used for farming. Additionally, the legislation protects agricultural property from losing its classification if owners implement wildlife risk mitigation plans, provided the land is not used for commercial or industrial purposes.