Education: financing; limitations on mills levied for school operating purposes; revise. Amends secs. 1211 & 1211a of 1976 PA 451 (MCL 380.1211 & 380.1211a).

HB 6029 amends Michigan's school finance laws to update how much property tax school districts can levy for operating costs. The bill clarifies the maximum tax rate allowed, which is generally capped at 18 mills or the rate set in 1993, whichever is lower, while maintaining specific exemptions for homes, farms, and businesses. It also outlines rules for adjusting these tax rates in future years based on changes in state funding and inflation, ensuring districts do not raise taxes beyond established limits unless authorized. This legislation directly affects local school boards, property owners, and the state's education funding structure by refining the legal framework for school tax levies.