2006 Michigan Compiled Laws - Act 261 of 2000


Act 261 of 2000

AN ACT to impose a state recapture tax on the change in use of certain agricultural property; to provide for the administration of this act; to prescribe the powers and duties of certain state and local officers; to provide for the collection and distribution of the recapture tax; and to prescribe penalties and provide remedies.

History: 2000, Act 261, Imd. Eff. June 29, 2000

The People of the State of Michigan enact:

Section 211.1001Short title.
Section 211.1002Definitions.
Section 211.1003Agricultural property recapture tax; imposition.
Section 211.1004Agricultural property recapture tax or benefit received on property.
Section 211.1005Collection and deposit of recapture tax; notification of conversion date.
Section 211.1006Crediting proceeds of recapture tax to certain fund.
Section 211.1007Administration of recapture tax by revenue division.

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