Property tax: exemptions; personal property constituting certain hydrogen fuel pumps; exempt. Amends secs. 27 & 34d of 1893 PA 206 (MCL 211.27 & 211.34d) & adds sec. 9q.

This bill exempts qualified hydrogen fuel pumps from Michigan property taxes starting in 2025. It defines these pumps as machines used to fill vehicles with hydrogen fuel that meet specific pressure standards of 35 or 70 megapascals. The law also updates the rules for calculating property values by including the cost of installing or replacing these pumps as a standard maintenance expense rather than a value increase. Additionally, it clarifies how assessors should handle sales data to ensure these specific items are not counted toward the overall property tax base.