Michigan Compiled Laws
Act 224 of 1985 - Enterprise Zone Act (125.2101 - 125.2123)
Section 125.2118 - Eligibility for Exemption, Credit, or Deduction.

Sec. 18.
The qualified business activity of a qualified business is eligible for an exemption, credit, or deduction as provided by this act, another law of this state, or a law of the United States.
History: 1985, Act 224, Imd. Eff. Jan. 13, 1986

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

Act 224 of 1985 - Enterprise Zone Act (125.2101 - 125.2123)

Section 125.2101 - Short Title.

Section 125.2102 - Legislative Findings.

Section 125.2103 - Definitions.

Section 125.2104 - Michigan Enterprise Zone Authority; Creation; Powers, Duties, and Functions; Staff; Appointment, Qualifications, and Terms of Members; Vacancy; Designees; Reimbursement of Expenses.

Section 125.2105 - Powers of Authority Vested in Members; Quorum; Action by Authority; Meetings.

Section 125.2106 - Powers and Duties of Authority Generally.

Section 125.2107 - Analysis of Economic Impacts of Enterprise Zones; Presentation to Legislative Committees; Development and Implementation of Recommendations.

Section 125.2108 - Qualifying Local Governmental Units.

Section 125.2109 - Citizens' Council for Potential Enterprise Zone; Establishment; Appointment, Qualifications, and Terms of Members; Staff; Administrative Duties and Functions.

Section 125.2110 - Duties of Citizens' Council.

Section 125.2111 - Adoption of Ordinance Establishing Proposed Enterprise Zone; Public Hearing; Notice; Vote; Boundaries.

Section 125.2112 - Application to Have Area Approved as Enterprise Zone; Filing; Form; Contents.

Section 125.2113 - 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 - Application for Certification as Qualified Business; Procedure.

Section 125.2114a - Certification as Qualified Business; Application; Eligibility; Time Period; Revocation; Limitation.

Section 125.2115 - Condition to Certification as Qualified Business.

Section 125.2116 - Effect of Transferring Employment From 1 or More Local Governmental Units.

Section 125.2117 - Allegations of Noncompliance; Procedure.

Section 125.2118 - Eligibility for Exemption, Credit, or Deduction.

Section 125.2119 - Duration of Exemption or Credit.

Section 125.2120 - Exemption From Ad Valorem Real and Personal Property Taxes.

Section 125.2120a - Exemption of Commercial, Industrial, or Utility Property From Ad Valorem Real and Personal Property Taxes; Compliance Required.

Section 125.2120b - Additional Exemption From Ad Valorem Real and Personal Property Taxes.

Section 125.2121 - 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 Rehabilitat...

Section 125.2121a - Use of Disbursement Pursuant to MCL 125.2121 (4)(a) and (B).

Section 125.2121b - 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 - Property Located in Renaissance Zone.

Section 125.2121d - Facility Certified as Qualified Business; Exemption for Eligible Manufacturing Personal Property; "Eligible Manufacturing Personal Property" Defined.

Section 125.2122 - 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 - Revenue Lost as Result of Reduced Taxes; Appropriation and Distribution to Local Government; Amount.