Sec. 21c.
Property, except a casino, exempted under sections 20(1) and (2), 20a, and 20b that is located in a renaissance zone under the Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 125.2696, is exempt from the specific taxes levied under this act to the extent and for the duration provided pursuant to the Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 125.2696, except for that portion of the specific tax levied under this act attributable to a special assessment or a tax described in section 7ff(2) of the general property tax act, 1893 PA 206, MCL 211.7ff. The specific tax calculated under this section shall be disbursed proportionately to the local taxing unit or units that levied the special assessment or the tax described in section 7ff(2) of the general property tax act, 1893 PA 206, MCL 211.7ff. As used in this section, "casino" means a casino or a parking lot, hotel, motel, or retail store owned or operated by a casino, an affiliate, or an affiliated company, regulated by this state pursuant to the Michigan gaming control and revenue act, the Initiated Law of 1996, MCL 432.201 to 432.216.
History: Add. 1996, Act 444, Imd. Eff. Dec. 19, 1996 ;-- Am. 1998, Act 242, Imd. Eff. July 3, 1998
Structure 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 125.2105 - Powers of Authority Vested in Members; Quorum; Action by Authority; Meetings.
Section 125.2106 - Powers and Duties of Authority Generally.
Section 125.2108 - Qualifying Local Governmental Units.
Section 125.2110 - Duties of Citizens' Council.
Section 125.2112 - Application to Have Area Approved as Enterprise Zone; Filing; Form; Contents.
Section 125.2114 - Application for Certification as Qualified Business; Procedure.
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 125.2120b - Additional Exemption From Ad Valorem Real and Personal Property Taxes.
Section 125.2121a - Use of Disbursement Pursuant to MCL 125.2121 (4)(a) and (B).
Section 125.2121c - Property Located in Renaissance Zone.