Michigan Compiled Laws
Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)
Section 207.716 - Status of Certificate; Report.

Sec. 16.
Each local governmental unit granting a certificate shall report to the department not later than October 15 of each year regarding the status of each certificate, including the current value of the property to which the certificate pertains, the value on which the technology park facilities tax is based, and a current estimate of the number of jobs retained or created within the local governmental unit by the holder of the certificate and the users or occupants of the facilities.
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.