Michigan Compiled Laws
Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)
Section 207.708 - Certificate; Issuance; Form; Contents; Effective Date; Filing; Record.

Sec. 8.
(1) After approval of the application for a certificate by the legislative body of the local governmental unit and the department, the clerk of the local governmental unit shall issue to the applicant a certificate in a form determined by the department that shall contain all of the following:
(a) A legal description of the real property on which the facility is located or is to be located.
(b) A descriptive list of the machinery, equipment, furniture, fixtures, and other personal property, if any, to be located in the facility.
(c) A statement that the certificate remains in force with respect to the property described in the certificate for the period stated in the certificate, unless revoked as provided in this act.
(2) The certificate shall take effect beginning on the December 31 next following the date of issuance of the certificate.
(3) The clerk of the local governmental unit shall file a copy of the certificate with the department, and the department shall maintain a record of all certificates filed.
History: 1984, Act 385, Imd. Eff. Dec. 28, 1984 ;-- Am. 1990, Act 151, Imd. Eff. June 27, 1990

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 207 - Taxation

Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)

Section 207.701 - Short Title.

Section 207.702 - Meanings of Words and Phrases.

Section 207.703 - Definitions; D to P.

Section 207.704 - Definitions; S, T.

Section 207.705 - Technology Park District; Establishment; Composition; Requirements; Resolution; Filing Written Request; Alteration of Boundaries; Public Hearing; Notice; District Established by Township; Land Included as Part of District.

Section 207.706 - Application for Technology Park Facilities Exemption Certificate; Filing; Contents; Notification of Assessor and Legislative Body; Public Hearing; Notice.

Section 207.707 - Approval or Disapproval of Application; Resolution.

Section 207.707a - District or Exemption Certificate; Approval or Disapproval; Effective Date of Exemption Certificate; Appeal.

Section 207.708 - Certificate; Issuance; Form; Contents; Effective Date; Filing; Record.

Section 207.709 - Exemption From Ad Valorem Real and Personal Property Taxes; Duration of Certificate; Review; Extension; Commencement and Termination of Certificate; Date of Issuance of Certificate of Occupancy; Basis of Review.

Section 207.710 - State Equalized Valuation; Finding; Statement; Requirements for Approval of Application.

Section 207.711 - Annual Valuation of Facility; Duties of Assessor.

Section 207.712 - Technology Park Facilities Tax; Levy; Amount; Collection, Disbursement, and Assessment of Tax; Payment; Copy of Amount of Disbursement; Facility Located in Renaissance Zone; Facility of Qualified Start-Up Business.

Section 207.712a - Facility Subject to Technology Park Facilities Exemption Certificate; Exemption for Eligible Manufacturing Personal Property; "Eligible Manufacturing Personal Property" Defined.

Section 207.713 - Technology Park Facilities Tax; Failure to Pay; Remedies; Tax as Lien; Enforcement; Disbursement of Tax and Interest.

Section 207.714 - Revocation of Certificate; Grounds; Effect of Noncompliance.

Section 207.715 - Transfer of Certificate; Filing Application for Approval.

Section 207.716 - Status of Certificate; Report.

Section 207.717 - Analyses of Costs and Benefits.

Section 207.718 - Exemptions; Submission of Analyses of Costs and Benefits.