Michigan Compiled Laws Act 224 Of 1985 Enterprise Zone Act (125.2101 - 125.2123)

AN ACT to promote economic growth within economically distressed local governmental units; to provide for the creation of enterprise zones; to provide for the creation of an enterprise zone authority; to prescribe the powers and duties of officials and agencies of the state and certain local governmental units; to provide for the establishment of citizens' councils and to prescribe their powers and duties; to authorize the levy and collection of specific taxes; and to provide qualifications for certification of and incentives for certain businesses located in enterprise zones.

History: 1985, Act 224, Imd. Eff. Jan. 13, 1986

Section 125.2101 Short Title.
This act shall be known and may be cited as the “enterprise zone act”. History: 1985, Act 224, Imd. Eff. Jan. 13, 1986 Compiler's...
Section 125.2102 Legislative Findings.
(1) The legislature finds that it is in the public interest to promote economic growth and to encourage private investment, job creation, and job...
Section 125.2103 Definitions.
As used in this act: (a) “Authority” means the Michigan enterprise zone authority created pursuant to section 4. (b) “Citizens' council” means a council...
Section 125.2104 Michigan Enterprise Zone Authority; Creation; Powers, Duties, And Functions; Staff; Appointment, Qualifications, And Terms Of Members; Vacancy; Designees; Reimbursement Of Expenses.
(1) The Michigan enterprise zone authority is created within the department of commerce. The authority shall exercise its powers, duties, and functions independently of...
Section 125.2105 Powers Of Authority Vested In Members; Quorum; Action By Authority; Meetings.
(1) The powers of the authority shall be vested in the members in office. Regardless of the existence of a vacancy, a majority of...
Section 125.2106 Powers And Duties Of Authority Generally.
In addition to other powers and duties provided in this act, the authority shall administer this act and has all of the following powers...
Section 125.2107 Analysis Of Economic Impacts Of Enterprise Zones; Presentation To Legislative Committees; Development And Implementation Of Recommendations.
(1) Beginning October 1, 1996 and every 3 years after that date, the authority shall present an analysis of the economic impacts of each...
Section 125.2108 Qualifying Local Governmental Units.
The authority shall determine which local governmental units qualify to apply to have enterprise zones approved within their boundaries. For an enterprise zone approved...
Section 125.2109 Citizens' Council For Potential Enterprise Zone; Establishment; Appointment, Qualifications, And Terms Of Members; Staff; Administrative Duties And Functions.
(1) If a local governmental unit qualifies under the criteria of section 8 and wishes to apply for approval of an enterprise zone within...
Section 125.2110 Duties Of Citizens' Council.
A citizens' council shall perform all of the following duties: (a) Advise the local governmental unit on all matters relating to enterprise zone activities....
Section 125.2111 Adoption Of Ordinance Establishing Proposed Enterprise Zone; Public Hearing; Notice; Vote; Boundaries.
(1) Beginning in 1994, the governing body of the local governmental unit shall hold a public hearing on the adoption of an ordinance establishing...
Section 125.2112 Application To Have Area Approved As Enterprise Zone; Filing; Form; Contents.
If a local governmental unit qualifies under section 8 and its governing body approves the boundaries of a proposed enterprise zone, the local governmental...
Section 125.2113 Review Of Application; Approval Or Rejection; Comprehensive Development Plan; Contents; Public Hearing; Notice; Action By Authority; Spending Tax Revenue On Physical Improvements; Revocation.
(1) Upon receipt of an application from a local governmental unit, the authority shall review the application and, by resolution, shall approve or reject...
Section 125.2114 Application For Certification As Qualified Business; Procedure.
(1) This section applies only to a business that applies for certification as a qualified business in an enterprise zone that was created before...
Section 125.2114a Certification As Qualified Business; Application; Eligibility; Time Period; Revocation; Limitation.
(1) This section applies only to a business that applies for certification as a qualified business in an enterprise zone that was created after...
Section 125.2115 Condition To Certification As Qualified Business.
Before being entitled to certification as a qualified business, a business shall certify to the local governmental unit in writing at least all of...
Section 125.2116 Effect Of Transferring Employment From 1 Or More Local Governmental Units.
If the location of a new facility or qualified new business in an enterprise zone will have the effect of transferring employment from 1...
Section 125.2117 Allegations Of Noncompliance; Procedure.
(1) Except as provided in subsection (6), a resident of an enterprise zone, a business located within an enterprise zone, or the authority may...
Section 125.2118 Eligibility For Exemption, Credit, Or Deduction.
The qualified business activity of a qualified business is eligible for an exemption, credit, or deduction as provided by this act, another law of...
Section 125.2119 Duration Of Exemption Or Credit.
An exemption or credit granted to a qualified business shall continue until the certification of the qualified business is revoked, as provided in this...
Section 125.2120 Exemption From Ad Valorem Real And Personal Property Taxes.
(1) For a qualified business located in an enterprise zone that was created before 1994, unless the certification of the qualified business is revoked...
Section 125.2120a Exemption Of Commercial, Industrial, Or Utility Property From Ad Valorem Real And Personal Property Taxes; Compliance Required.
(1) Commercial, industrial, or utility property that is located in the area comprising an enterprise zone at the time the area is approved as...
Section 125.2120b Additional Exemption From Ad Valorem Real And Personal Property Taxes.
Property that is located in the area comprising an enterprise zone at the time the area is approved as an enterprise zone and for...
Section 125.2121 Enterprise Zone Created Before 1994; Levy Of Specific Tax; Amount; Payment; Disbursement; Agreement; Credit; Lien; Eligibility For Credit; Funding Emergency Dispatch Services, Senior Citizen Centers, And Substance Abuse Rehabilitation Services.
(1) This section applies only to an owner of property located in an enterprise zone that was created before 1994. (2) Except as provided...
Section 125.2121a Use Of Disbursement Pursuant To Mcl 125.2121 (4)(a) And (B).
(1) Except as otherwise provided in subsection (2) and section 21(9), the local governmental unit shall use the amount disbursed to the local governmental...
Section 125.2121b Enterprise Zone Created After 1993; Levy Of Specific Tax; Amount; Payment; Disbursement; Lien; Qualification As Replacement Facility; Failure To Pay Tax; Allocation To School District.
(1) This section applies only to an owner of property located in an enterprise zone that was created after 1993. (2) Except as provided...
Section 125.2121c Property Located In Renaissance Zone.
Property, except a casino, exempted under sections 20(1) and (2), 20a, and 20b that is located in a renaissance zone under the Michigan renaissance...
Section 125.2121d Facility Certified As Qualified Business; Exemption For Eligible Manufacturing Personal Property; "Eligible Manufacturing Personal Property" Defined.
(1) If a facility was certified as a qualified business on December 31, 2012, notwithstanding any other provision of this act to the contrary,...
Section 125.2122 Neglecting Or Failing To Pay Tax; Seizure And Sale Of Property; Civil Action; Jeopardy Assessment; Collection Of Delinquent Tax; Remedies; Disbursement Of Amount Of Tax And Interest On Tax.
(1) If the tax applicable to personal or real property levied under section 21 or 21b, as applicable, is not paid within the time...
Section 125.2123 Revenue Lost As Result Of Reduced Taxes; Appropriation And Distribution To Local Government; Amount.
(1) If the amount of specific tax revenue under this act lost as a result of the reduction of taxes levied by a local...

Last modified: October 10, 2016