Land use: farmland and open space; legal arrangements eligible for tax credits; expand. Amends sec. 36109 of 1994 PA 451 (MCL 324.36109). TIE BAR WITH: SB 0688'25, SB 0686'25, SB 0689'25, SB 0687'25, SB 0685'25

Added specific rules for partners in partnerships, shareholders of S corporations, members of limited liability companies, and life estate holders to determine their ownership status and tax credit eligibility.

Added provisions for sole beneficiaries of spousal trusts and estate beneficiaries to claim credits based on their distribution percentages.

Added a provision allowing people who applied for development rights in 2017 but received approval between 2023-2025 to claim credits for 2017-2018 tax years by December 31, 2026.

Added requirement for landowners to submit recorded copies of permanent conservation easements by November 1 to receive tax credit acknowledgment.

Added audit and review procedures requiring taxpayers to provide partnership, S corporation, or trust tax returns when claiming credits based on those entities.

Added requirement for the Department of Agriculture to maintain records of all development rights agreements for which credits are claimed.

Removed the full department name 'department of agriculture and rural development' and replaced it with just 'department' in multiple locations throughout the bill.

Simplified language in subsection (9) by removing the specific department name while keeping all record-keeping requirements intact.

Streamlined subsection (10) by removing repeated references to the full department name when describing the process for submitting conservation easements and receiving acknowledgments.