2006 Michigan Compiled Laws - Act 24 of 1995


MICHIGAN ECONOMIC GROWTH AUTHORITY ACT

Act 24 of 1995

AN ACT to promote economic growth and job creation within this state; to create and regulate the Michigan economic growth authority; to prescribe the powers and duties of the authority and of state and local officials; to assess and collect a fee; to approve certain plans and the use of certain funds; and to provide qualifications for and determine eligibility for tax credits and other incentives for authorized businesses and for qualified taxpayers.


History: 1995, Act 24, Imd. Eff. Apr. 18, 1995 ;--Am. 2000, Act 144, Imd. Eff. June 6, 2000
Popular Name: MEGA





DocumentDescription
Section 207.801Short title.
Section 207.802Legislative findings.
Section 207.803Definitions.
Section 207.804Michigan economic growth authority; creation within Michigan strategic fund; duties; membership, appointment, and terms of members; vacancy; compensation; expenses.
Section 207.805Michigan economic growth authority; powers; quorum; meetings; business conducted at public meeting; confidential information; written statement; disclosure; "financial or proprietary information" defined.
Section 207.806Michigan economic growth authority; powers.
Section 207.807Application for tax credit; written agreement; form.
Section 207.808Agreement for tax credit; determination; requirements; amount and duration of tax credits; additional requirements; authorization of business; criteria; limitation on new agreements; execution.
Section 207.808aFee or donation.
Section 207.809Eligibility for credits; issuance of certificate.
Section 207.810Report to legislature.

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