MCL - Act 106 of 1985


Act 106 of 1985

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

The People of the State of Michigan enact:
Document Type Description
Section 207.621 Section Short title.
Section 207.622 Section Legislative finding.
Section 207.623 Section Definitions.
Section 207.624 Section Excise tax; rates; exemption.
Section 207.625 Section Excise tax; time and manner of collection; administration of tax.
Section 207.626 Section Tax cumulative.
Section 207.628 Section Convention facility development fund; creation; disposition of collections; use of fund; contract requirement; appropriation, transfer, and deposit of amount.
Section 207.629 Section 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 Section Distribution of money remaining in fund; priority; substance abuse treatment; quarterly distributions.
Section 207.631 Section 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 Section Transmitting payment to trustee or trustees for bonds, obligations, other evidences of indebtedness, or payments under a public-private arrangement; prohibition; exception.
Section 207.633 Section When pledge effective, valid, and binding; lien of pledge; filing or recording of instrument creating pledge; construction of section.
Section 207.634 Section Bonds, obligations, or other evidences of indebtedness not debt, liability, or obligation of state; payment or refunding; statement.
Section 207.635 Section State pledge and agreement; construction of section.
Section 207.636 Section Liberal construction.
Section 207.637 Section Powers cumulative.
Section 207.638 Section Annual appropriation.
Section 207.639 Section Effective date of excise tax.
Section 207.640 Section Levy of tax; time period.