MCL - Act 376 of 1996
AN ACT to create and expand certain renaissance zones; to foster economic opportunities in this state; to facilitate economic development; to stimulate industrial, commercial, and residential improvements; to prevent physical and infrastructure deterioration of geographic areas in this state; to authorize expenditures; to provide exemptions and credits from certain taxes; to create certain obligations of this state and local governmental units; to require disclosure of certain transactions and gifts; to provide for appropriations; and to prescribe the powers and duties of certain state and local departments, agencies, and officials.
History: 1996, Act 376, Imd. Eff. July 17, 1996
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Am. 1999, Act 98, Eff. Oct. 11, 1999
| Document | Type | Description |
|---|---|---|
| Section 125.2681 | Section | Short title. |
| Section 125.2682 | Section | Legislative findings and declarations. |
| Section 125.2683 | Section | Definitions. |
| Section 125.2684 | Section | Designation of local governmental unit as renaissance zone; application; criteria; additional distinct geographic areas; extension of status; resubmission. |
| Section 125.2685 | Section | Renaissance zone review board; creation; membership; review of applications; recommendations; submission date; compensation; reimbursement for travel and expenses. |
| Section 125.2686 | Section | State administrative board; duties; prohibitions; designation of renaissance zone; beginning date; modification of boundaries. |
| Section 125.2687 | Section | Renaissance zone; designation; criteria; resolution; report of transaction with or gift to official or employee of local governmental unit. |
| Section 125.2688 | Section | Designation of renaissance zones; limitation; additional zones; submission of designations to legislature; rejection of designations by concurrent resolution. |
| Section 125.2688a | Section | Additional renaissance zones; designation; property located in alternative energy zone; definitions. |
| Section 125.2688b | Section | Applicability of MCL 15.261 to 15.275 to local governmental units. |
| Section 125.2688c | Section | Additional renaissance zones for agricultural processing facilities; renewal for certain renewable energy facility; extension. |
| Section 125.2688d | Section | Tool and die renaissance recovery zones; definitions. |
| Section 125.2688e | Section | Designation of additional renaissance zones for renewable energy facilities. |
| Section 125.2688f | Section | Forest products processing facility; designation of additional renaissance zones. |
| Section 125.2688g | Section | Border crossing facilities; designation of additional facilities; revocation; factors; development agreement; definitions. |
| Section 125.2688h | Section | Next Michigan renaissance zones; designation; certification as qualified eligible next Michigan business; modification of existing next Michigan renaissance zone; benefits of renaissance zone status; revocation of designation; appeal; extension of status; duration; written agreement; commencement of renaissance zone status; limitation on number of businesses certified. |
| Section 125.2689 | Section | Exemption, deduction, or credit. |
| Section 125.2690 | Section | Individuals or businesses ineligible for exemption, deduction, or credit; limitations; eligibility; effect of failure to file return; eligibility of certain property in next Michigan renaissance zone for exemptions, deductions, or credits. |
| Section 125.2691 | Section | Application form. |
| Section 125.2692 | Section | Reimbursement to intermediate school districts, local school districts, community college districts, public libraries, and school aid fund; reimbursement subject to appropriation. |
| Section 125.2693 | Section | Business conducted at public meeting. |
| Section 125.2694 | Section | Construction of act. |
| Section 125.2695 | Section | Report to legislature. |
| Section 125.2696 | Section | Report by state research university. |