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2021 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.
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