Michigan Compiled Laws
Act 72 of 1979 - Reporting Tax Information (21.271 - 21.296)
Section 21.274 - Reporting Estimated State Equalized Valuation and Amount of Tax Foregone From Exemptions Under MCL 211.1 Et seq.; Exception; Specific Exemption Estimates.

Sec. 4.
The governor shall report the estimated state equalized valuation and the amount of tax foregone in each county because of the exemptions granted pursuant to Act No. 206 of the Public Acts of 1893, as amended, being sections 211.1 to 211.157 of the Michigan Compiled Laws, except for property deriving its exemption from article IX, section 4 of the constitution of the state of Michigan, for which an estimate shall be made only of the actual amount of lands so exempted, expressed solely in terms of acreage, and exclusive of any buildings, fixtures, or personal property thereon, or appurtenances thereto. Where possible, estimates should be made for specific exemptions. The specific exemption estimates shall be made on the basis of informed estimates without requiring local units of government to meet additional reporting standards. If possible, estimates also shall be made of property exempted by statutes other than Act No. 206 of the Public Acts of 1893, as amended, being sections 211.1 to 211.157 of the Michigan Compiled Laws.
History: 1979, Act 72, Imd. Eff. July 31, 1979

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 21 - Budget and State Accounts

Act 72 of 1979 - Reporting Tax Information (21.271 - 21.296)

Section 21.271 - Reporting Tax Credits, Deductions, and Exemptions With Annual Budget Message; Duty of Department of Treasury.

Section 21.272 - Reporting Pursuant to MCL 206.1 to 206.532.

Section 21.273 - Fiscal Years Ending Before January 1, 2008; Reporting Pursuant to Single Business Tax Act; Fiscal Years Beginning on or After January 1, 2008; Reporting Pursuant to Michigan Business Tax Act.

Section 21.274 - Reporting Estimated State Equalized Valuation and Amount of Tax Foregone From Exemptions Under MCL 211.1 Et seq.; Exception; Specific Exemption Estimates.

Section 21.275 - Reporting Estimate of Amount of Tax Foregone From Exemptions Under MCL 205.51 Et seq.; Reporting Estimate of Amount of Tax Foregone Pursuant to MCL 205.51(1)(g).

Section 21.276 - Reporting Estimate of Amount of Tax Foregone From Exemptions Under MCL 205.91 Et seq.; Reporting Estimate of Amount of Tax Foregone Pursuant to MCL 205.92(f).