2006 Michigan Compiled Laws - Act 147 of 1992


NEIGHBORHOOD ENTERPRISE ZONE ACT

Act 147 of 1992

AN ACT to provide for the development and rehabilitation of residential housing; to provide for the creation of neighborhood enterprise zones; to provide for obtaining neighborhood enterprise zone certificates for a period of time and to prescribe the contents of the certificates; to provide for the exemption of certain taxes; to provide for the levy and collection of a specific tax on the owner of certain facilities; and to prescribe the powers and duties of certain officers of the state and local governmental units.


History: 1992, Act 147, Imd. Eff. July 16, 1992




The People of the State of Michigan enact:

DocumentDescription
Section 207.771Short title.
Section 207.772Definitions.
Section 207.773Neighborhood enterprise zone; designation by resolution; notice; finding of consistency; statement; housing inspection ordinance; public hearing; determining true cash value; limitations on total acreage; passage, amendment, or repeal of resolution.
Section 207.774Neighborhood enterprise zone certificate; application; filing; manner and form; contents; effective date of certificate.
Section 207.775Neighborhood enterprise zone certificate; application; approval.
Section 207.776Homestead facility or new or rehabilitated facility; determination of compliance with act; issuance and filing of certificate; maintenance of record; notice of refusal.
Section 207.777Neighborhood enterprise zone certificate; requirements for issuance.
Section 207.778Neighborhood enterprise zone certificate; form and contents.
Section 207.779Neighborhood enterprise zone tax; exemption from ad valorem real property taxes; determination of amount; payment; disbursement; distribution to intermediate school districts; payment to state treasury; tax as lien; continuance of certificate; condition; collection as delinquent tax; facility located in renaissance zone.
Section 207.780Neighborhood enterprise zone certificate; effective date; filing; affidavit of occupancy by owner as principal residence.
Section 207.781Revocation, expiration, or extension of certificate; rescission of revocation.
Section 207.782Duration of certificate.
Section 207.783Determination of assessed valuation of property benefiting from certificate and ad valorem property tax that would have been paid; notice.
Section 207.784List of local governmental units certified as meeting criteria.
Section 207.785Report of costs and benefits.
Section 207.786Rules.
Section 207.787Repealed. 2001, Act 217, Imd. Eff. Dec. 28, 2001.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.