2010 Michigan Compiled Laws
Chapter 205 - TAXATION
Act 94 of 1937 - USE TAX ACT (205.91 - 205.111)
Section 205.96a - Organizing entity of qualified athletic event; tax exemption; criteria; definition; repeal.
USE TAX ACT (EXCERPT)Act 94 of 1937
***** 205.96a THIS SECTION IS REPEALED BY ACT 673 OF 2006 EFFECTIVE JANUARY 1, 2011 *****
205.96a Organizing entity of qualified athletic event; tax exemption; criteria; definition; repeal.
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 60 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 1 or more 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.
(c) A professional golfers' association competition in which individuals compete in an event to determine a champion.
(d) A collegiate basketball competition in which teams compete in a postseason event to determine the national champion.
(e) A collegiate hockey competition in which teams compete in a postseason event to determine the national champion.
(3) This section is repealed effective January 1, 2011.
History: Add. 2006, Act 673, Imd. Eff. Jan. 10, 2007
Compiler's Notes: Former MCL 205.96a, which pertained to qualified athletic event, was repealed by MCL 205.96a(3) of 2004 PA 172, Eff. Jan. 1, 2007. MCL 205.96a was amended by 2006 PA 673, Imd. Eff. Jan. 10, 2007.
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