Economic development: other; economic incentives to certain foreign countries; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.
State management: purchasing; procedures to limit foreign influence in state contracting; establish. Amends secs. 113, 114, 241, 241c & 261 of 1984 PA 431 (MCL 18.1113 et seq.) & adds sec. 272.
Property: land sales; prohibition for foreign entity to purchase farmland in Michigan; provide for. Amends title & secs. 35 & 36 of 1846 RS 66 (MCL 554.135 & 554.136) & adds sec. 36a.
Property: land sales; sale or transfer of agricultural assets or land to foreign entities; prohibit. Amends title & secs. 35 & 36 of 1846 RS 66 (MCL 554.135 & 554.136) & adds secs. 36a & 36b.
Highways: memorial; portion of M-6; designate as the "Keagan Spencer Memorial Highway". Amends 2001 PA 142 (MCL 250.1001 - 250.2092) by adding sec. 94a.
Property tax: assessments; uncapping of taxable value for certain transfers of property owned and used as a principal residence; eliminate. Amends sec. 3, art. IX of the state constitution. TIE BAR WITH: HJR T'26
Property tax: personal property; personal property tax; eliminate. Amends sec. 19 of 1893 PA 206 (MCL 211.19) & adds sec. 9q. TIE BAR WITH: HB 5879'26, HB 5880'26
Probate: other; prima facie evidence that transfer is made for value; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 3912 of 1998 PA 386 (MCL 700.3912). TIE BAR WITH: HB 5880'26, HB 5874'26
Taxation: administration; settlement process; modify to reflect repeal of the state real estate transfer tax act. Amends sec. 21 of 1941 PA 122 (MCL 205.21). TIE BAR WITH: HB 5880'26, HB 5874'26
Appropriations: supplemental; funding related to a state veterans cemetery in the Upper Peninsula; provide for. Creates appropriation act. TIE BAR WITH: HB 5844'26