211.1071 Short title. Sec. 1. This act shall be known and may be cited as the “alternative state essential services assessment act”. History: 2014, Act 93, Eff. Aug. 22, 2014 Compiler’s Notes: Enacting section 1 of Act 93 of 2014 provides:”Enacting section 1. This act does not take effect unless Senate Bill No. 822 of […]
211.1073 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 […]
211.1075 Alternative state essential services assessment; levy beginning January 1, 2016; calculation. Sec. 5. (1) Beginning January 1, 2016, the alternative 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 tax on the eligible personal property owned by, leased […]
211.1077 Alternative state essential services assessment; collection; administration; calculation; availability of electronic statement; revision and certification; payment; waiver or delay; disclosure; failure to certify statement and payment; notice; amendment of certified statement; failure to make full payment; ineligibility of property under MCL 211.9m and 211.9n; access to books and records; assessment as result of audit; […]
211.1079 Credit to general fund; appropriation. Sec. 9. (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 […]
