MCL - Act 385 of 1984
AN ACT to provide for the establishment of technology park districts in local governmental units; to provide certain facilities located in technology park districts an exemption from certain taxes; to levy and collect a specific tax upon the owners of certain facilities; to provide for the disposition of the tax; to provide for the obtaining and transferring of an exemption certificate and to prescribe the contents of those certificates; to prescribe the powers and duties of certain state agencies and officers and certain officers of local governmental units; and to provide remedies and penalties.
History: 1984, Act 385, Imd. Eff. Dec. 28, 1984
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Am. 1990, Act 151, Imd. Eff. June 27, 1990
| Document | Type | Description |
|---|---|---|
| Section 207.701 | Section | Short title. |
| Section 207.702 | Section | Meanings of words and phrases. |
| Section 207.703 | Section | Definitions; D to P. |
| Section 207.704 | Section | Definitions; S, T. |
| Section 207.705 | Section | Technology park district; establishment; composition; requirements; resolution; filing written request; alteration of boundaries; public hearing; notice; district established by township; land included as part of district. |
| Section 207.706 | Section | Application for technology park facilities exemption certificate; filing; contents; notification of assessor and legislative body; public hearing; notice. |
| Section 207.707 | Section | Approval or disapproval of application; resolution. |
| Section 207.707a | Section | District or exemption certificate; approval or disapproval; effective date of exemption certificate; appeal. |
| Section 207.708 | Section | Certificate; issuance; form; contents; effective date; filing; record. |
| Section 207.709 | Section | Exemption from ad valorem real and personal property taxes; duration of certificate; review; extension; commencement and termination of certificate; date of issuance of certificate of occupancy; basis of review. |
| Section 207.710 | Section | State equalized valuation; finding; statement; requirements for approval of application. |
| Section 207.711 | Section | Annual valuation of facility; duties of assessor. |
| Section 207.712 | Section | Technology park facilities tax; levy; amount; collection, disbursement, and assessment of tax; payment; copy of amount of disbursement; facility located in renaissance zone; facility of qualified start-up business. |
| Section 207.712a | Section | Facility subject to technology park facilities exemption certificate; exemption for eligible manufacturing personal property; "eligible manufacturing personal property" defined. |
| Section 207.713 | Section | Technology park facilities tax; failure to pay; remedies; tax as lien; enforcement; disbursement of tax and interest. |
| Section 207.714 | Section | Revocation of certificate; grounds; effect of noncompliance. |
| Section 207.715 | Section | Transfer of certificate; filing application for approval. |
| Section 207.716 | Section | Status of certificate; report. |
| Section 207.717 | Section | Analyses of costs and benefits. |
| Section 207.718 | Section | Exemptions; submission of analyses of costs and benefits. |