In a show of bipartisan support, the House Tax Policy Committee today approved SB 113, legislation that would allow landowners to designate a conservation easement by will, trust or intestate succession, thereby allowing heirs to put a conservation easement in place without triggering a pop-up of property taxes. Thanks to the work of Heart of the Lakes and key members, the bill now moves to the House floor. Successful passage there before the end of the year will send it to the Governor’s desk for signature.
If passed, SB 113 will preserve the original intent and extend the benefits of PA 446 of 2006, which exempts transfers of lands with qualified conservation easements from the tax pop-up. Heart of the Lakes sought the bill when the Attorney General opined that property transfers trigger the pop-up tax at death, leaving no time for heirs to put a conservation easement in place before the pop-up occurs if that was the desire of the landowner in his/her will. The bill received unanimous support in the Michigan Senate and today’s vote in the House committee preserves the string of no dissenting votes for the bill.
If passed, SB 113 will preserve the original intent and extend the benefits of PA 446 of 2006, which exempts transfers of lands with qualified conservation easements from the tax pop-up. Heart of the Lakes sought the bill when the Attorney General opined that property transfers trigger the pop-up tax at death, leaving no time for heirs to put a conservation easement in place before the pop-up occurs if that was the desire of the landowner in his/her will. The bill received unanimous support in the Michigan Senate and today’s vote in the House committee preserves the string of no dissenting votes for the bill.
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