2006 Michigan Compiled Laws - Mich. Comp. Laws § 205.96a Qualified athletic event; definition; repeal of section.

***** 205.96a THIS SECTION IS REPEALED BY ACT 172 OF 2004 EFFECTIVE JANUARY 1, 2007 *****

Sec. 6a.

(1) The organizing entity of a qualified athletic event that sells corporate sponsor contracts for the event that include both taxable tangible personal property and services may exempt the sale of taxable tangible personal property or taxable services if all of the following criteria have been met:

(a) The organizing entity is exempt or is wholly owned by an entity exempt under section 501(c)(6) of the internal revenue code, 26 USC 501.

(b) The organizing entity provided both of the following to the department at least 180 days in advance of entering into the first corporate sponsor contract:

(i) Written notice of its intent to enter into corporate sponsor contracts.

(ii) An itemized schedule of the tangible personal property and services that will be provided under each corporate sponsor contract.

(c) The department has given written approval to the organizing entity.

(2) As used in this section, "qualified athletic event" means either of the following:

(a) A professional sporting competition in which individuals officially representing at least 2 countries or nations compete.

(b) A professional football competition in which teams compete in a postseason event to determine the league champion.

(3) This section is repealed effective January 1, 2007.

History: Add. 2002, Act 511, Imd. Eff. July 23, 2002 ;-- Am. 2004, Act 172, Eff. Sept. 1, 2004