There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 207 - Taxation
Act 385 of 1984 TECHNOLOGY PARK DEVELOPMENT ACT (207.701 - 207.718)
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.
History: 1984, Act 385, Imd. Eff. Dec. 28, 1984 ;-- Am. 1990, Act 151, Imd. Eff. June 27, 1990
- 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 207.712a Facility subject to technology park facilities exemption certificate; exemption for eligible manufacturing personal property; "eligible manufacturing personal property" defined.
- 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.
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.