Sec. 51f.
(1) In addition to the distributions under sections 51 and 51d, from the revenue collected from the tax levied under section 51 an amount equal to that portion of the withholding tax capture revenues attributable to certified new jobs and due to be paid to an authorized business pursuant to a written agreement entered into under chapter 8D of the Michigan strategic fund act, 1984 PA 270, MCL 125.2090g to 125.2090j, shall be deposited each state fiscal year into the good jobs for Michigan fund created in section 90j of the Michigan strategic fund act, 1984 PA 270, MCL 125.2090j.
(2) As used in this section, "authorized business", "certified new jobs", "withholding tax capture revenues", and "written agreement" mean those terms as defined in section 90g of the Michigan strategic fund act, 1984 PA 270, MCL 125.2090g.
History: Add. 2017, Act 110, Eff. Aug. 25, 2017
Structure Michigan Compiled Laws
Chapter 206 - Income Tax Act of 1967
Act 281 of 1967 - Income Tax Act of 1967 (206.1 - 206.847)
281-1967-1 - Part 1 (206.1...206.532)
281-1967-1-2 - Chapter 2 (206.51...206.91)
Section 206.51a - Repealed. 2011, Act 38 Eff. Jan. 1, 2012.
Section 206.51b - Repealed. 2000, Act 40, Imd. Eff. Mar. 27, 2000.
Section 206.51c - Repealed. 2007, Act 94, Imd. Eff. Oct. 1, 2007.
Section 206.51e - Deposit of Revenue Into State Brownfield Redevelopment Fund; Definitions.
Section 206.61-206.81 - Repealed. 1975, Act 233, Imd. Eff. Aug. 27, 1975.
Section 206.91 - Common Trust Funds and Participants; Taxable Status.