Michigan Compiled Laws Act 147 Of 1992 Neighborhood Enterprise Zone Act (207.771 - 207.787)

AN ACT to provide for the development and rehabilitation of residential housing; to provide for the creation of neighborhood enterprise zones; to provide for obtaining neighborhood enterprise zone certificates for a period of time and to prescribe the contents of the certificates; to provide for the exemption of certain taxes; to provide for the levy and collection of a specific tax on the owner of certain facilities; and to prescribe the powers and duties of certain officers of the state and local governmental units.

History: 1992, Act 147, Imd. Eff. July 16, 1992

Section 207.771 Short Title.
This act shall be known and may be cited as the “neighborhood enterprise zone act”. History: 1992, Act 147, Imd. Eff. July 16, 1992...
Section 207.772 Definitions.
As used in this act: (a) "Commission" means the state tax commission created by 1927 PA 360, MCL 209.101 to 209.107. (b) "Condominium unit"...
Section 207.773 Neighborhood Enterprise Zone; Designation By Resolution; Notice; Finding Of Consistency; Statement; Housing Inspection Ordinance; Public Hearing; Determining True Cash Value; Limitations On Total Acreage; Amendment Or Repeal Of Resolution; Designation In Obsolete Property Rehabilitation District.
(1) The governing body of a local governmental unit by resolution may designate 1 or more neighborhood enterprise zones within that local governmental unit....
Section 207.774 Neighborhood Enterprise Zone Certificate; Application; Filing; Manner And Form; Contents; Effective Date Of Certificate; Conditions.
(1) The owner of a homestead facility or owner or developer or prospective owner or developer of a proposed new facility or an owner...
Section 207.775 Neighborhood Enterprise Zone Certificate; Application; Approval; Forwarding To Qualified Assessing Authority.
Not more than 60 days after receipt by its clerk of an application under section 4, the governing body of the local governmental unit...
Section 207.776 Homestead Facility Or New Or Rehabilitated Facility; Determination Of Compliance With Act; Issuance And Filing Of Certificate; Maintenance Of Record; Notice Of Refusal.
Not later than 60 days after receipt of an approved application for a homestead facility or a rehabilitated facility, and not later than 30...
Section 207.777 Neighborhood Enterprise Zone Certificate; Requirements For Issuance.
(1) The commission shall not issue a neighborhood enterprise zone certificate for a new facility unless the new facility meets the requirements of the...
Section 207.778 Neighborhood Enterprise Zone Certificate; Form And Contents.
A neighborhood enterprise zone certificate shall be in the form prescribed and provided by the commission and shall include the following: (a) A legal...
Section 207.779 Neighborhood Enterprise Zone Tax; Exemption From Ad Valorem Real Property Taxes; Determination Of Amount; Payment; Disbursement; Distribution To Intermediate School Districts; Payment To State Treasury; Tax As Lien; Continuance Of Certificate; Condition; Collection As Delinquent Tax; Facility Located In Renaissance Zone.
(1) Except as provided in subsection (14), there is levied on the owner of a homestead facility, a new facility, or a rehabilitated facility...
Section 207.780 Neighborhood Enterprise Zone Certificate; Effective Date; Filing; Affidavit Of Occupancy By Owner As Principal Residence.
(1) Except as provided in subsections (2) and (3), the effective date of the neighborhood enterprise zone certificate is December 31 in the year...
Section 207.781 Revocation, Expiration, Or Extension Of Certificate; Rescission Of Revocation.
(1) Upon receipt of a request by certified mail to the qualified assessing authority by the holder of a neighborhood enterprise zone certificate requesting...
Section 207.782 Duration Of Certificate.
(1) Except as otherwise provided in this section, unless earlier revoked as provided in section 11, a neighborhood enterprise zone certificate issued before January...
Section 207.783 Determination Of Assessed Valuation Of Property Benefiting From Certificate And Ad Valorem Property Tax That Would Have Been Paid; Notice.
(1) The assessor of each local governmental unit in which is located a homestead facility, a new facility, or a rehabilitated facility for which...
Section 207.784 List Of Local Governmental Units Certified As Meeting Criteria.
The Michigan enterprise zone authority created under the enterprise zone act, Act No. 224 of the Public Acts of 1985, being sections 125.2101 to...
Section 207.785 Repealed. 2008, Act 284, Imd. Eff. Sept. 29, 2008.
Compiler's Notes: The repealed section pertained to issuance of report on costs and benefits of act.
Section 207.786 Rules; Report.
(1) The commission may promulgate rules it considers necessary for the administration of this act pursuant to the administrative procedures act of 1969, 1969...
Section 207.787 Repealed. 2001, Act 217, Imd. Eff. Dec. 28, 2001.
Compiler's Notes: The repealed section pertained to issuance of certificate after December 31, 2002.

Last modified: October 10, 2016