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Michigan Compiled Laws Complete Through PA 125 of 2023
House: Adjourned until Tuesday, September 26, 2023 1:30:00 PM
Senate: Adjourned until Tuesday, September 26, 2023 10:00:00 AM

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Act 24 of 1995
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Act 24 of 1995

AN ACT to promote economic growth and job creation within this state; to create and regulate the Michigan economic growth authority; to prescribe the powers and duties of the authority and of state and local officials; to assess and collect a fee; to approve certain plans and the use of certain funds; and to provide qualifications for and determine eligibility for tax credits and other incentives for authorized businesses and for qualified taxpayers.

History: 1995, Act 24, Imd. Eff. Apr. 18, 1995 ;-- Am. 2000, Act 144, Imd. Eff. June 6, 2000
Popular Name: MEGA

The People of the State of Michigan enact:

Section 207.801SectionShort title.
Section 207.802SectionLegislative findings.
Section 207.803SectionDefinitions.
Section 207.804SectionMichigan economic growth authority; creation within Michigan strategic fund; duties; membership, appointment, and terms of members; vacancy; compensation; expenses.
Section 207.805SectionMichigan economic growth authority; powers; quorum; meetings; business conducted at public meeting; confidential information; written statement; disclosure; “financial or proprietary information” defined.
Section 207.806SectionMichigan economic growth authority; powers.
Section 207.807SectionApplication for tax credit; written agreement; form.
Section 207.808SectionAgreement for tax credit; determination; requirements; amount and duration of tax credits; factors; written agreement; criteria; limitation on new agreements; execution; repayment provision; conditions; agreement with eligible business not meeting criteria; guidelines for amendment, modification, or transfer of certificated credit.
Section 207.808aSectionFee or donation.
Section 207.809SectionEligibility for credits; issuance of certificate.
Section 207.810SectionReport to legislature.
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