2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 224 of 1985 — ENTERPRISE ZONE ACT (125.2101 - 125.2123)***** 125.2121d THIS SECTION MAY BE REPEALED. See enacting section 1 of Act 400 of 2012 ***** ***** 125.2121d.added THIS ADDED SECTION IS EFFECTIVE MARCH 28, 2013 *****
Section 125.2119 — Duration of exemption or credit.

Sec. 19.

An exemption or credit granted to a qualified business shall continue until the certification of the qualified business is revoked, as provided in this act, or for 10 years from the date that the business is certified as a qualified business. Even if approval of an enterprise zone is revoked by the authority as provided in this act, an exemption or credit granted to a qualified business located in that enterprise zone shall continue until revoked or until the 10-year or other specified period elapses.

History: 1985, Act 224, Imd. Eff. Jan. 13, 1986 ;-- Am. 1994, Act 311, Imd. Eff. July 20, 1994