Michigan Compiled Laws
Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)
Section 125.2682 - Legislative Findings and Declarations.

Sec. 2.
The legislature of this state finds and declares that there exists in this state continuing need for programs to assist certain local governmental units in encouraging economic development, the consequent job creation and retention, and ancillary economic growth in this state. To achieve these purposes, it is necessary to assist and encourage the creation of renaissance zones and provide temporary relief from certain taxes within the renaissance zones.
History: 1996, Act 376, Imd. Eff. July 17, 1996 Compiler's Notes: For transfer of Michigan strategic fund from department of management and budget to department of labor and economic growth, see E.R.O. No. 2003-1, compiled at MCL 445.2011.

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

Act 376 of 1996 - Michigan Renaissance Zone Act (125.2681 - 125.2696)

Section 125.2681 - Short Title.

Section 125.2682 - Legislative Findings and Declarations.

Section 125.2683 - Definitions.

Section 125.2684 - Designation of Local Governmental Unit as Renaissance Zone; Application; Criteria; Additional Distinct Geographic Areas; Extension of Status; Resubmission.

Section 125.2685 - Renaissance Zone Review Board; Creation; Membership; Review of Applications; Recommendations; Submission Date; Compensation; Reimbursement for Travel and Expenses.

Section 125.2686 - State Administrative Board; Duties; Prohibitions; Designation of Renaissance Zone; Beginning Date; Modification of Boundaries.

Section 125.2687 - Renaissance Zone; Designation; Criteria; Resolution; Report of Transaction With or Gift to Official or Employee of Local Governmental Unit.

Section 125.2688 - Designation of Renaissance Zones; Limitation; Additional Zones; Submission of Designations to Legislature; Rejection of Designations by Concurrent Resolution.

Section 125.2688a - Additional Renaissance Zones; Designation; Property Located in Alternative Energy Zone; Definitions.

Section 125.2688b - Applicability of MCL 15.261 to 15.275 to Local Governmental Units.

Section 125.2688c - Additional Renaissance Zones for Agricultural Processing Facilities; Renewal for Certain Renewable Energy Facility; Extension.

Section 125.2688d - Tool and Die Renaissance Recovery Zones; Definitions.

Section 125.2688e - Designation of Additional Renaissance Zones for Renewable Energy Facilities.

Section 125.2688f - Forest Products Processing Facility; Designation of Additional Renaissance Zones.

Section 125.2688g - Border Crossing Facilities; Designation of Additional Facilities; Revocation; Factors; Development Agreement; Definitions.

Section 125.2688h - 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; App...

Section 125.2689 - Exemption, Deduction, or Credit.

Section 125.2690 - 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...

Section 125.2691 - Application Form.

Section 125.2692 - Reimbursement to Intermediate School Districts, Local School Districts, Community College Districts, Public Libraries, and School Aid Fund; Reimbursement Subject to Appropriation.

Section 125.2693 - Business Conducted at Public Meeting.

Section 125.2694 - Construction of Act.

Section 125.2695 - Report to Legislature.

Section 125.2696 - Report by State Research University.