Michigan Compiled Laws
Act 35 of 2022 - Qualified Heavy Equipment Rental Personal Property Specific Tax Act (211.1121 - 211.1133)
Section 211.1131 - Tax Increment Finance Authority Capture; Prohibition; Sharing of Distribution.

Sec. 11.
Qualified heavy equipment rental personal property specific taxes are not subject to capture by any tax increment finance authority. This section does not prohibit a tax increment finance authority from sharing in the distribution of a local tax collecting unit's allocation described in section 9(5)(b)(i).
History: 2022, Act 35, Eff. Mar. 23, 2022

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 211 - Taxation of Real and Personal Property

Act 35 of 2022 - Qualified Heavy Equipment Rental Personal Property Specific Tax Act (211.1121 - 211.1133)

Section 211.1121 - Short Title.

Section 211.1123 - Definitions.

Section 211.1125 - Qualified Heavy Equipment Rental Personal Property Specific Tax; Levy; Amount; Collection and Remission by Qualified Renter; Exception; Rate Adjustment.

Section 211.1127 - Collection and Administration of the Specific Tax; Submission of Completed Statement and Payment; Notice; Penalties; Rescission; Books and Records; Appeal Process.

Section 211.1129 - Qualified Heavy Equipment Rental Personal Property Exemption Reimbursement Fund; Investment; Distribution; "Eligible Local Tax Collecting Unit" Defined.

Section 211.1131 - Tax Increment Finance Authority Capture; Prohibition; Sharing of Distribution.

Section 211.1133 - Rules.