MCL - Act 376 of 1996


Act 376 of 1996

AN ACT to create and expand certain renaissance zones; to foster economic opportunities in this state; to facilitate economic development; to stimulate industrial, commercial, and residential improvements; to prevent physical and infrastructure deterioration of geographic areas in this state; to authorize expenditures; to provide exemptions and credits from certain taxes; to create certain obligations of this state and local governmental units; to require disclosure of certain transactions and gifts; to provide for appropriations; and to prescribe the powers and duties of certain state and local departments, agencies, and officials.

History: 1996, Act 376, Imd. Eff. July 17, 1996 ;-- Am. 1999, Act 98, Eff. Oct. 11, 1999

The People of the State of Michigan enact:
Document Type Description
Section 125.2681 Section Short title.
Section 125.2682 Section Legislative findings and declarations.
Section 125.2683 Section Definitions.
Section 125.2684 Section Designation of local governmental unit as renaissance zone; application; criteria; additional distinct geographic areas; extension of status; resubmission.
Section 125.2685 Section Renaissance zone review board; creation; membership; review of applications; recommendations; submission date; compensation; reimbursement for travel and expenses.
Section 125.2686 Section State administrative board; duties; prohibitions; designation of renaissance zone; beginning date; modification of boundaries.
Section 125.2687 Section Renaissance zone; designation; criteria; resolution; report of transaction with or gift to official or employee of local governmental unit.
Section 125.2688 Section Designation of renaissance zones; limitation; additional zones; submission of designations to legislature; rejection of designations by concurrent resolution.
Section 125.2688a Section Additional renaissance zones; designation; property located in alternative energy zone; definitions.
Section 125.2688b Section Applicability of MCL 15.261 to 15.275 to local governmental units.
Section 125.2688c Section Additional renaissance zones for agricultural processing facilities; renewal for certain renewable energy facility; extension.
Section 125.2688d Section Tool and die renaissance recovery zones; definitions.
Section 125.2688e Section Designation of additional renaissance zones for renewable energy facilities.
Section 125.2688f Section Forest products processing facility; designation of additional renaissance zones.
Section 125.2688g Section Border crossing facilities; designation of additional facilities; revocation; factors; development agreement; definitions.
Section 125.2688h Section Next Michigan renaissance zones; designation; certification as qualified eligible next Michigan business; modification of existing next Michigan renaissance zone; benefits of renaissance zone status; revocation of designation; appeal; extension of status; duration; written agreement; commencement of renaissance zone status; limitation on number of businesses certified.
Section 125.2689 Section Exemption, deduction, or credit.
Section 125.2690 Section Individuals or businesses ineligible for exemption, deduction, or credit; limitations; eligibility; effect of failure to file return; eligibility of certain property in next Michigan renaissance zone for exemptions, deductions, or credits.
Section 125.2691 Section Application form.
Section 125.2692 Section Reimbursement to intermediate school districts, local school districts, community college districts, public libraries, and school aid fund; reimbursement subject to appropriation.
Section 125.2693 Section Business conducted at public meeting.
Section 125.2694 Section Construction of act.
Section 125.2695 Section Report to legislature.
Section 125.2696 Section Report by state research university.