Michigan Compiled Laws
Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)
Section 207.712a - Facility Subject to Technology Park Facilities Exemption Certificate; Exemption for Eligible Manufacturing Personal Property; "Eligible Manufacturing Personal Property" Defined.

Sec. 12a.
(1) If a facility was subject to a technology park facilities exemption certificate on December 31, 2012, notwithstanding any other provision of this act to the contrary, that portion of the facility that is eligible manufacturing personal property shall remain subject to the technology park facilities tax and shall remain exempt from ad valorem property taxes as provided in section 9 until that eligible manufacturing personal property would otherwise be exempt from the collection of taxes under section 9m, 9n, or 9o of the general property tax act, 1893 PA 206, MCL 211.9m, 211.9n, and 211.9o.
(2) As used in this subsection, "eligible manufacturing personal property" means that term as defined in section 9m of the general property tax act, 1893 PA 206, MCL 211.9m.
History: Add. 2012, Act 398, Eff. Mar. 28, 2013 Compiler's Notes: Enacting section 1 of Act 398 of 2012 provides:"Enacting section 1. Section 12a of the technology park development act, 1984 PA 385, MCL 207.712a, as added by this amendatory act is repealed if House Bill No. 6026 of the 96th Legislature is not approved by a majority of the qualified electors of this state voting on the question at an election to be held on the August regular election date in 2014."Compiler's Notes: HB 6026, referred to in enacting section 1, became 2012 PA 408. The act did not appear on the August 5, 2014 primary ballot.

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.