There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - 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.
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| Document | Description |
| Section 125.2681 | Short title. |
| Section 125.2682 | Legislative findings and declarations. |
| Section 125.2683 | Definitions. |
| Section 125.2684 | Designation of local governmental unit as renaissance zone; application; criteria; additional distinct geographic areas. |
| Section 125.2685 | Renaissance zone review board; creation; membership; review of applications; recommendations; submission date; compensation; reimbursement for travel and expenses. |
| Section 125.2686 | Renaissance zone review board; duties; prohibitions; modifications; payment in lieu of taxes. |
| Section 125.2687 | Renaissance zone; designation; criteria; resolution; report of transaction with or gift to official or employee of local governmental unit. |
| Section 125.2688 | Designation of renaissance zones; limitation; additional zones; submission of designations to legislature; rejection of designations by concurrent resolution. |
| Section 125.2688a | Additional renaissance zones; designation; property located in alternative energy zone; definitions. |
| Section 125.2688b | Applicability of §§ 15.261 to 15.275 to local governmental units. |
| Section 125.2688c | Additional renaissance zones for agricultural processing facilities. |
| Section 125.2688d | Tool and die renaissance recovery zones; definitions. |
| Section 125.2688e | Designation of additional renaissance zones for renewable energy facilities. |
| Section 125.2688f | Forest products processing facility; designation of additional renaissance zones. |
| Section 125.2689 | Exemption, deduction, or credit. |
| Section 125.2690 | Individuals or businesses ineligible for exemption, deduction, or credit; limitations. |
| Section 125.2691 | Application form. |
| Section 125.2692 | Reimbursement to intermediate school districts, local school districts, community college districts, public libraries, and school aid fund. |
| Section 125.2693 | Business conducted at public meeting. |
| Section 125.2694 | Construction of act. |
| Section 125.2695 | Report to legislature. |
| Section 125.2696 | Report by state research university. |
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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