Section 211.1051 – Short Title.
211.1051 Short title. Sec. 1. This act shall be known and may be cited as the “state essential services assessment act”. History: 2014, Act 92, Eff. Aug. 22, 2014 Compiler’s Notes: Enacting section 2 of Act 92 of 2014 provides:”Enacting section 2. This act does not take effect unless Senate Bill No. 822 of the […]
Section 211.1053 – Definitions.
211.1053 Definitions. Sec. 3. As used in this act: (a) Except as otherwise provided in subparagraph (ii), “acquisition cost” means that term as defined in subparagraph (i), as follows: (i) “Acquisition cost” means the fair market value of personal property at the time of acquisition by the first owner, including the cost of freight, sales […]
Section 211.1055 – State Essential Services Assessment; Levy; Calculation.
211.1055 State essential services assessment; levy; calculation. Sec. 5. (1) Beginning January 1, 2016, the state essential services assessment is levied on all eligible personal property as provided in this section. (2) The assessment under this section is a state specific tax on the eligible personal property owned by, leased to, or in the possession […]
Section 211.1057 – Assessment; Collection; Administration; Calculation; Electronic Statement; Availability; Revision and Certification; Payment; Waiver or Delay of Electronic Certification; Disclosure; Failure to Certify Statement and Full Payment; Notice; Submission of Payment Along With Penalty; Amended Statement; Access to Books and Records; Audit; Assessment as Result of Audit; Appeal; Filing Combined Document; Availability of Total Acquisition Costs.
211.1057 Assessment; collection; administration; calculation; electronic statement; availability; revision and certification; payment; waiver or delay of electronic certification; disclosure; failure to certify statement and full payment; notice; submission of payment along with penalty; amended statement; access to books and records; audit; assessment as result of audit; appeal; filing combined document; availability of total acquisition costs. […]
Section 211.1059 – Exemption From Assessment; Resolution; Application, Approval, and Compliance Process; Approval of Exemption; Criteria; Costs; Fees.
211.1059 Exemption from assessment; resolution; application, approval, and compliance process; approval of exemption; criteria; costs; fees. Sec. 9. (1) The fund board may adopt a resolution to exempt from the assessment under this act eligible personal property designated in the resolution as provided in this section and described in subsection (3)(c) that is owned by, […]
Section 211.1061 – Credit to General Fund; Appropriation.
211.1061 Credit to general fund; appropriation. Sec. 11. (1) Proceeds of the assessment collected under section 7 shall be credited to the general fund. (2) Beginning in fiscal year 2014-2015 and each fiscal year thereafter, the legislature shall appropriate funds in an amount equal to the necessary expenses incurred by the department in implementing this […]