***** 120.20 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 *****
Sec. 20.
Any port district owning and operating an income-producing public improvement shall pay from such income annual sums in lieu of taxes to the county, city, school district or other taxing unit of the state, with respect to any real or personal property held by it and which constitutes a part of such improvement. The amount so paid to each taxing unit in each year shall be equivalent to the taxes which would have been paid if such property were not exempt from taxation. The port district shall have the same right of appeal as is provided by law to any other taxpayer insofar as any levy or assessment of such taxes is concerned.
History: 1925, Act 234, Eff. Aug. 27, 1925 ;-- CL 1929, 2309 ;-- CL 1948, 120.20 ;-- Am. 1955, Act 190, Imd. Eff. June 14, 1955 ;-- Am. 1966, Act 318, Eff. Mar. 10, 1967 Compiler's Notes: For repeal of act, see MCL 120.130 and Compiler's note thereto.
Structure Michigan Compiled Laws
Act 234 of 1925 - Port Districts (120.1 - 120.36)
Section 120.1 - Port Districts; Incorporation, Exercise of Powers.
Section 120.4 - Election; Notice, Form of Ballot.
Section 120.5 - Formation; Procedure, Referendum, Effective Date of Creation.
Section 120.8 - Formation of District; Election and Survey Expense.
Section 120.9 - Port Commission, Appointment, Term, Vacancies.
Section 120.10a - Conducting Business at Public Meeting; Notice.
Section 120.11 - Port Commission; Submission of Propositions at Elections, Canvass of Votes.
Section 120.12 - Port Commission; Commissioners, Compensation; Mileage, Expenses.
Section 120.13 - Port Commission; Acquisition of Property.
Section 120.13a - Port Commission; Acceptance of Gifts, Grants or Loan; Approval.
Section 120.14 - Port Districts; Powers.
Section 120.15 - Port District Public Improvement; Issue of Evidence of Indebtedness.
Section 120.17 - Port District Public Improvements; Lands, Leases and Easements.
Section 120.18 - Port District Public Improvements; Streams.
Section 120.19 - Port District Public Improvements; Waterways, Creation.
Section 120.20 - Public Improvements; Income Producing; Payment in Lieu of Taxes.
Section 120.21 - Commodities; Tolls, Fees, Rents; Approval.
Section 120.22 - Lease of Property; Maximum Term, Bond.
Section 120.23 - Sale of Property; Approval.
Section 120.24 - Port Commission; Taxes, Special Assessments; Allocation of Millage.
Section 120.24a, 120.24b - Repealed. 1958, Act 178, Imd. Eff. Apr. 18, 1958.
Section 120.25 - Port Commission; Bond Issues, Limit, Approval by Governing Bodies or Electors.
Section 120.26 - Port Commission; Assistants and Employes.
Section 120.27 - Port Commission; Expenditures, Authority, Bids.
Section 120.28 - Port Commission; Lease of Harbor Area, Rents.
Section 120.29a - Availability of Writings to Public.
Section 120.32 - Power to Borrow in Anticipation of Tax.
Section 120.33 - Fund Created; Special Funds; Disbursement.
Section 120.34 - Annual Reports; Budgets; Budget Committee.
Section 120.35 - Construction of Act.
Section 120.36 - Repealed. 1966, Act 318, Eff. Mar. 10, 1967.