Michigan Compiled Laws Act 512 Of 2014 Eligible Hydroponics And Eligible Aquaculture Production Facilities Specific Tax Act (211.981 - 211.986)

AN ACT to provide for the exemption of certain property from certain taxes; to levy and collect a specific tax upon the owners of certain property; to provide for the disposition of the tax; to prescribe the powers and duties of certain local government officials; and to provide penalties.

History: 2014, Act 512, Imd. Eff. Jan. 14, 2015

Section 211.981 Short Title.
This act shall be known and may be cited as the "eligible hydroponics and eligible aquaculture production facilities specific tax act". History: 2014, Act...
Section 211.982 Definitions.
As used in this act: (a) "Aquaculture" means the commercial husbandry of aquaculture species, including, but not limited to, culturing, producing, growing, propagating, and...
Section 211.983 Eligible Hydroponics Production Facility Or Eligible Aquaculture Production Facility; Tax Exemption.
For taxes levied after December 31, 2014, an eligible hydroponics production facility or an eligible aquaculture production facility is exempt from ad valorem property...
Section 211.984 Determination Of Value And Taxable Value.
The assessor of each local tax collecting unit in which there is an eligible hydroponics production facility or an eligible aquaculture production facility shall...
Section 211.985 Eligible Hydroponics And Eligible Aquaculture Production Facilities Specific Tax; Amount; Determination; Payment; Disbursement; Copy Sent By Collecting Officer To Commission.
(1) There is levied upon the owner of every eligible hydroponics production facility or eligible aquaculture production facility a specific tax to be known...
Section 211.986 Unpaid Taxes Subject To Forfeiture, Foreclosure, And Sale; Manner.
Unpaid eligible hydroponics and eligible aquaculture production facilities specific taxes are subject to forfeiture, foreclosure, and sale in the same manner and at the...

Last modified: October 10, 2016