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2022 Michigan Compiled Laws
Chapter 211 - Taxation of Real and Personal Property
Act 35 of 2022 - Qualified Heavy Equipment Rental Personal Property Specific Tax Act (211.1121 - 211.1133)
AN ACT to levy and collect a specific tax upon the rental of certain heavy equipment rental personal property; to provide for the disposition of that specific tax; to provide for the powers and duties of certain state and local governmental officers and entities; and to provide penalties.
History: 2022, Act 35, Eff. Mar. 23, 2022
- Section 211.1121 - Short Title.
- Section 211.1123 - Definitions.
- Section 211.1125 - Qualified Heavy Equipment Rental Personal Property Specific Tax; Levy; Amount; Collection and Remission by Qualified Renter; Exception; Rate Adjustment.
- Section 211.1127 - Collection and Administration of the Specific Tax; Submission of Completed Statement and Payment; Notice; Penalties; Rescission; Books and Records; Appeal Process.
- Section 211.1129 - Qualified Heavy Equipment Rental Personal Property Exemption Reimbursement Fund; Investment; Distribution; "Eligible Local Tax Collecting Unit" Defined.
- Section 211.1131 - Tax Increment Finance Authority Capture; Prohibition; Sharing of Distribution.
- Section 211.1133 - Rules.
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