2006 Michigan Compiled Laws - Act 224 of 1985

ENTERPRISE ZONE ACT
Act 224 of 1985
AN ACT to promote economic growth within economically distressed local governmental units; to provide for the creation of enterprise zones; to provide for the creation of an enterprise zone authority; to prescribe the powers and duties of officials and agencies of the state and certain local governmental units; to provide for the establishment of citizens' councils and to prescribe their powers and duties; to authorize the levy and collection of specific taxes; and to provide qualifications for certification of and incentives for certain businesses located in enterprise zones.

History: 1985, Act 224, Imd. Eff. Jan. 13, 1986

The People of the State of Michigan enact:

Document	Description
Section 125.2101	Short title.
Section 125.2102	Legislative findings.
Section 125.2103	Definitions.
Section 125.2104	Michigan enterprise zone authority; creation; powers, duties, and functions; staff; appointment, qualifications, and terms of members; vacancy; designees; reimbursement of expenses.
Section 125.2105	Powers of authority vested in members; quorum; action by authority; meetings.
Section 125.2106	Powers and duties of authority generally.
Section 125.2107	Analysis of economic impacts of enterprise zones; presentation to legislative committees; development and implementation of recommendations.
Section 125.2108	Qualifying local governmental units.
Section 125.2109	Citizens' council for potential enterprise zone; establishment; appointment, qualifications, and terms of members; staff; administrative duties and functions.
Section 125.2110	Duties of citizens' council.
Section 125.2111	Adoption of ordinance establishing proposed enterprise zone; public hearing; notice; vote; boundaries.
Section 125.2112	Application to have area approved as enterprise zone; filing; form; contents.
Section 125.2113	Review of application; approval or rejection; comprehensive development plan; contents; public hearing; notice; action by authority; spending tax revenue on physical improvements; revocation.
Section 125.2114	Application for certification as qualified business; procedure.
Section 125.2114a	Certification as qualified business; application; eligibility; time period; revocation; limitation.
Section 125.2115	Condition to certification as qualified business.
Section 125.2116	Effect of transferring employment from 1 or more local governmental units.
Section 125.2117	Allegations of noncompliance; procedure.
Section 125.2118	Eligibility for exemption, credit, or deduction.
Section 125.2119	Duration of exemption or credit.
Section 125.2120	Exemption from ad valorem real and personal property taxes.
Section 125.2120a	Exemption of commercial, industrial, or utility property from ad valorem real and personal property taxes; compliance required.
Section 125.2120b	Additional exemption from ad valorem real and personal property taxes.
Section 125.2121	Enterprise zone created before 1994; levy of specific tax; amount; payment; disbursement; agreement; credit; lien; eligibility for credit; funding emergency dispatch services, senior citizen centers, and substance abuse rehabilitation services.
Section 125.2121a	Use of disbursement pursuant to § 125.2121 (4)(a) and (b).
Section 125.2121b	Enterprise zone created after 1993; levy of specific tax; amount; payment; disbursement; lien; qualification as replacement facility; failure to pay tax; allocation to school district.
Section 125.2121c	Property located in renaissance zone.
Section 125.2122	Neglecting or failing to pay tax; seizure and sale of property; civil action; jeopardy assessment; collection of delinquent tax; remedies; disbursement of amount of tax and interest on tax.
Section 125.2123	Revenue lost as result of reduced taxes; appropriation and distribution to local government; amount.

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