Section 211.1123 – Definitions.
211.1123 Definitions. Sec. 3. As used in this act: (a) “Department” means the department of treasury. (b) “Eligible personal property” means personal property exempt under section 9p of the general property tax act, 1893 PA 206, MCL 211.9p, and qualified heavy equipment rental personal property acquired or brought into this state during the tax year […]
Section 211.1125 – Qualified Heavy Equipment Rental Personal Property Specific Tax; Levy; Amount; Collection and Remission by Qualified Renter; Exception; Rate Adjustment.
211.1125 Qualified heavy equipment rental personal property specific tax; levy; amount; collection and remission by qualified renter; exception; rate adjustment. Sec. 5. (1) Beginning January 1, 2023, in addition to all other taxes, the qualified heavy equipment rental personal property specific tax is levied on each transaction of a qualified renter for renting eligible personal […]
Section 211.1127 – Collection and Administration of the Specific Tax; Submission of Completed Statement and Payment; Notice; Penalties; Rescission; Books and Records; Appeal Process.
211.1127 Collection and administration of the specific tax; submission of completed statement and payment; notice; penalties; rescission; books and records; appeal process. Sec. 7. (1) The department shall collect and administer the tax as provided in this section. (2) Not later than March 31 each year beginning in 2023, the department shall make available a […]
Section 211.1129 – Qualified Heavy Equipment Rental Personal Property Exemption Reimbursement Fund; Investment; Distribution; “Eligible Local Tax Collecting Unit” Defined.
211.1129 Qualified heavy equipment rental personal property exemption reimbursement fund; investment; distribution; “eligible local tax collecting unit” defined. Sec. 9. (1) The qualified heavy equipment rental personal property exemption reimbursement fund is created within the state treasury. All proceeds from the qualified heavy equipment rental personal property specific tax levied under this act are dedicated […]
Section 211.1131 – Tax Increment Finance Authority Capture; Prohibition; Sharing of Distribution.
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 211.1133 – Rules.
211.1133 Rules. Sec. 13. The department may promulgate rules as necessary for the administration of this act pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. History: 2022, Act 35, Eff. Mar. 23, 2022
Section 211.1094 – Determination of Forestland as Transitional Qualified Forest Property; Application Process.
211.1094 Determination of forestland as transitional qualified forest property; application process. Sec. 4. (1) An owner of forestland that withdraws commercial forestland under section 51108(5) of the natural resources and environmental protection act, 1994 PA 451, MCL 324.51108, may apply to the department to have that forestland determined to be transitional qualified forest property. The […]
Section 211.1095 – Value and Taxable Value; Determination by Local Tax Assessor.
211.1095 Value and taxable value; determination by local tax assessor. Sec. 5. The assessor of each local tax collecting unit in which there is transitional qualified forest property shall determine annually as of December 31 the value and taxable value of each parcel of transitional qualified forest property located in that local tax collecting unit. […]
Section 211.1096 – Transitional Qualified Forest Property Specific Tax; Levy; Amount; Determination; Payment; Disbursement; Form; Fee; Rescission of Exemption; Failure to File Rescission; Penalty.
211.1096 Transitional qualified forest property specific tax; levy; amount; determination; payment; disbursement; form; fee; rescission of exemption; failure to file rescission; penalty. Sec. 6. (1) There is levied upon the owner of each parcel or transitional qualified forest property a specific tax to be known as the transitional qualified forest property specific tax. (2) The […]
Section 211.1097 – Unpaid Taxes; Manner of Forfeiture, Foreclosure, and Sale.
211.1097 Unpaid taxes; manner of forfeiture, foreclosure, and sale. Sec. 7. Unpaid transitional qualified forest property specific taxes are subject to forfeiture, foreclosure, and sale in the same manner and at the same time as taxes returned as delinquent under the general property tax act, 1893 PA 206, MCL 211.1 to 211.155. History: 2016, Act […]