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2019 Michigan Compiled Laws
Chapter 207 - Taxation
Act 106 of 1985 State Convention Facility Development Act (207.621 - 207.640)
AN ACT to impose a state excise tax on persons engaged in the business of providing rooms for dwelling, lodging, or sleeping purposes to transient guests in certain counties; to provide for the levy, assessment, and collection of the tax; to provide for the disposition and appropriation of the collections from the tax; to create a convention facility development fund; to authorize the distributions from the fund; to authorize the use of distributions from the tax as security for any bonds, obligations, or other evidences of indebtedness issued to finance convention facilities as provided by law; to prescribe certain other matters relating to bonds, obligations, or other evidences of indebtedness issued for such purposes.
History: 1985, Act 106, Imd. Eff. July 30, 1985
- Section 207.621 Short Title.
- Section 207.622 Legislative Finding.
- Section 207.623 Definitions.
- Section 207.624 Excise Tax; Rates; Exemption.
- Section 207.625 Excise Tax; Time and Manner of Collection; Administration of Tax.
- Section 207.626 Tax Cumulative.
- Section 207.628 Convention Facility Development Fund; Creation; Disposition of Collections; Use of Fund; Contract Requirement; Appropriation, Transfer, and Deposit of Amount.
- Section 207.629 Distribution From Fund; Transferee as Qualified Local Governmental Unit; Distribution to Certain Building Authorities; "Qualified Local Governmental Unit" Defined; Certain Payments Prohibited; "Qualified City" Defined; Building Authority as Qualified Local Governmental Unit.
- Section 207.630 Distribution of Money Remaining in Fund; Priority; Substance Abuse Treatment; Quarterly Distributions.
- Section 207.631 Refunding Bonds, Obligations, or Other Evidences of Indebtedness; Purposes for Issuance; Dedication of Tax Distributions From Convention Facility Development Fund; Determination by State Treasurer; Effect of Unlawful Expenditure.
- Section 207.632 Transmitting Payment to Trustee or Trustees for Bonds, Obligations, or Other Evidences of Indebtedness; Prohibition; Exception.
- Section 207.633 When Pledge Effective, Valid, and Binding; Lien of Pledge; Filing or Recording of Instrument Creating Pledge; Construction of Section.
- Section 207.634 Bonds, Obligations, or Other Evidences of Indebtedness Not Debt, Liability, or Obligation of State; Payment or Refunding; Statement.
- Section 207.635 State Pledge and Agreement; Construction of Section.
- Section 207.636 Liberal Construction.
- Section 207.637 Powers Cumulative.
- Section 207.638 Annual Appropriation.
- Section 207.639 Effective Date of Excise Tax.
- Section 207.640 Levy of Tax; Time Period.
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