MCL - Act 224 of 1985
AN ACT to promote economic growth within economically distressed local governmental units; to provide for the creation of enterprise zones; to provide for the creation of an enterprise zone authority; to prescribe the powers and duties of officials and agencies of the state and certain local governmental units; to provide for the establishment of citizens' councils and to prescribe their powers and duties; to authorize the levy and collection of specific taxes; and to provide qualifications for certification of and incentives for certain businesses located in enterprise zones.
History: 1985, Act 224, Imd. Eff. Jan. 13, 1986
| Document | Type | Description |
|---|---|---|
| Section 125.2101 | Section | Short title. |
| Section 125.2102 | Section | Legislative findings. |
| Section 125.2103 | Section | Definitions. |
| Section 125.2104 | Section | Michigan enterprise zone authority; creation; powers, duties, and functions; staff; appointment, qualifications, and terms of members; vacancy; designees; reimbursement of expenses. |
| Section 125.2105 | Section | Powers of authority vested in members; quorum; action by authority; meetings. |
| Section 125.2106 | Section | Powers and duties of authority generally. |
| Section 125.2107 | Section | Analysis of economic impacts of enterprise zones; presentation to legislative committees; development and implementation of recommendations. |
| Section 125.2108 | Section | Qualifying local governmental units. |
| Section 125.2109 | Section | Citizens' council for potential enterprise zone; establishment; appointment, qualifications, and terms of members; staff; administrative duties and functions. |
| Section 125.2110 | Section | Duties of citizens' council. |
| Section 125.2111 | Section | Adoption of ordinance establishing proposed enterprise zone; public hearing; notice; vote; boundaries. |
| Section 125.2112 | Section | Application to have area approved as enterprise zone; filing; form; contents. |
| Section 125.2113 | Section | Review of application; approval or rejection; comprehensive development plan; contents; public hearing; notice; action by authority; spending tax revenue on physical improvements; revocation. |
| Section 125.2114 | Section | Application for certification as qualified business; procedure. |
| Section 125.2114a | Section | Certification as qualified business; application; eligibility; time period; revocation; limitation. |
| Section 125.2115 | Section | Condition to certification as qualified business. |
| Section 125.2116 | Section | Effect of transferring employment from 1 or more local governmental units. |
| Section 125.2117 | Section | Allegations of noncompliance; procedure. |
| Section 125.2118 | Section | Eligibility for exemption, credit, or deduction. |
| Section 125.2119 | Section | Duration of exemption or credit. |
| Section 125.2120 | Section | Exemption from ad valorem real and personal property taxes. |
| Section 125.2120a | Section | Exemption of commercial, industrial, or utility property from ad valorem real and personal property taxes; compliance required. |
| Section 125.2120b | Section | Additional exemption from ad valorem real and personal property taxes. |
| Section 125.2121 | Section | Enterprise zone created before 1994; levy of specific tax; amount; payment; disbursement; agreement; credit; lien; eligibility for credit; funding emergency dispatch services, senior citizen centers, and substance abuse rehabilitation services. |
| Section 125.2121a | Section | Use of disbursement pursuant to MCL 125.2121 (4)(a) and (b). |
| Section 125.2121b | Section | Enterprise zone created after 1993; levy of specific tax; amount; payment; disbursement; lien; qualification as replacement facility; failure to pay tax; allocation to school district. |
| Section 125.2121c | Section | Property located in renaissance zone. |
| Section 125.2121d | Section | Facility certified as qualified business; exemption for eligible manufacturing personal property; "eligible manufacturing personal property" defined. |
| Section 125.2122 | Section | Neglecting or failing to pay tax; seizure and sale of property; civil action; jeopardy assessment; collection of delinquent tax; remedies; disbursement of amount of tax and interest on tax. |
| Section 125.2123 | Section | Revenue lost as result of reduced taxes; appropriation and distribution to local government; amount. |