Michigan Compiled Laws
Act 106 of 1985 - State Convention Facility Development Act (207.621 - 207.640.amended)
Section 207.640.amended - Levy of Tax; Time Period.

***** 207.640.amended THIS AMENDED SECTION IS EFFECTIVE MARCH 29, 2023 *****
Sec. 20.
The tax imposed by this act shall not be levied after the earlier of December 31, 2039 or 30 days after all bonds, notes, or other obligations issued by a metropolitan authority formed under the regional convention facility authority act, 2008 PA 554, MCL 141.1351 to 141.1379, for purposes authorized under that act are retired.
History: 1985, Act 106, Imd. Eff. July 30, 1985 ;-- Am. 2008, Act 553, Eff. Mar. 31, 2009 ;-- Am. 2022, Act 276, Eff. Mar. 29, 2023

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 207 - Taxation

Act 106 of 1985 - State Convention Facility Development Act (207.621 - 207.640.amended)

Section 207.621 - Short Title.

Section 207.622 - Legislative Finding.

Section 207.623 - Definitions.

Section 207.623.amended - Definitions.

Section 207.624 - Excise Tax; Rates; Exemption.

Section 207.625 - Excise Tax; Time and Manner of Collection; Administration of Tax.

Section 207.626 - Tax Cumulative.

Section 207.628 - Convention Facility Development Fund; Creation; Disposition of Collections; Use of Fund; Contract Requirement; Appropriation, Transfer, and Deposit of Amount.

Section 207.629 - Distribution From Fund; Transferee as Qualified Local Governmental Unit; Distribution to Certain Building Authorities; "Qualified Local Governmental Unit" Defined; Certain Payments Prohibited; "Qualified City" Defined; Building Auth...

Section 207.629.amended - Distribution From Fund; Transferee as Qualified Local Governmental Unit; Distribution to Certain Building Authorities; "Qualified Local Governmental Unit" Defined; Certain Payments Prohibited; "Qualified City" Defined; Build...

Section 207.630 - Distribution of Money Remaining in Fund; Priority; Substance Abuse Treatment; Quarterly Distributions.

Section 207.630.amended - Distribution of Money Remaining in Fund; Priority; Substance Abuse Treatment; Quarterly Distributions.

Section 207.631 - Refunding Bonds, Obligations, or Other Evidences of Indebtedness; Purposes for Issuance; Dedication of Tax Distributions From Convention Facility Development Fund; Determination by State Treasurer; Effect of Unlawful Expenditure.

Section 207.631.amended - Refunding Bonds, Obligations, or Other Evidences of Indebtedness; Purposes for Issuance; Dedication of Tax Distributions From Convention Facility Development Fund; Determination by State Treasurer; Effect of Unlawful Expendi...

Section 207.632 - Transmitting Payment to Trustee or Trustees for Bonds, Obligations, or Other Evidences of Indebtedness; Prohibition; Exception.

Section 207.632.amended - Transmitting Payment to Trustee or Trustees for Bonds, Obligations, Other Evidences of Indebtedness, or Payments Under a Public-Private Arrangement; Prohibition; Exception.

Section 207.633 - When Pledge Effective, Valid, and Binding; Lien of Pledge; Filing or Recording of Instrument Creating Pledge; Construction of Section.

Section 207.634 - Bonds, Obligations, or Other Evidences of Indebtedness Not Debt, Liability, or Obligation of State; Payment or Refunding; Statement.

Section 207.635 - State Pledge and Agreement; Construction of Section.

Section 207.636 - Liberal Construction.

Section 207.637 - Powers Cumulative.

Section 207.638 - Annual Appropriation.

Section 207.639 - Effective Date of Excise Tax.

Section 207.640 - Levy of Tax; Time Period.

Section 207.640.amended - Levy of Tax; Time Period.