There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 385 of 1984
| AN ACT to provide for the establishment of technology park districts in local governmental units; to provide certain facilities located in technology park districts an exemption from certain taxes; to levy and collect a specific tax upon the owners of certain facilities; to provide for the disposition of the tax; to provide for the obtaining and transferring of an exemption certificate and to prescribe the contents of those certificates; to prescribe the powers and duties of certain state agencies and officers and certain officers of local governmental units; and to provide remedies and penalties.
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| Document | Description |
| Section 207.701 | Short title. |
| Section 207.702 | Meanings of words and phrases. |
| Section 207.703 | Definitions; D to P. |
| Section 207.704 | Definitions; S, T. |
| Section 207.705 | Technology park district; establishment; composition; requirements; resolution; filing written request; alteration of boundaries; public hearing; notice; district established by township; land included as part of district. |
| Section 207.706 | Application for technology park facilities exemption certificate; filing; contents; notification of assessor and legislative body; public hearing; notice. |
| Section 207.707 | Approval or disapproval of application; resolution. |
| Section 207.707a | District or exemption certificate; approval or disapproval; effective date of exemption certificate; appeal. |
| Section 207.708 | Certificate; issuance; form; contents; effective date; filing; record. |
| Section 207.709 | Exemption from ad valorem real and personal property taxes; duration of certificate; review; extension; commencement and termination of certificate; date of issuance of certificate of occupancy; basis of review. |
| Section 207.710 | State equalized valuation; finding; statement; requirements for approval of application. |
| Section 207.711 | Annual valuation of facility; duties of assessor. |
| Section 207.712 | Technology park facilities tax; levy; amount; collection, disbursement, and assessment of tax; payment; copy of amount of disbursement; facility located in renaissance zone; facility of qualified start-up business. |
| Section 207.713 | Technology park facilities tax; failure to pay; remedies; tax as lien; enforcement; disbursement of tax and interest. |
| Section 207.714 | Revocation of certificate; grounds; effect of noncompliance. |
| Section 207.715 | Transfer of certificate; filing application for approval. |
| Section 207.716 | Status of certificate; report. |
| Section 207.717 | Analyses of costs and benefits. |
| Section 207.718 | Exemptions; submission of analyses of costs and benefits. |
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