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 211.1036 – Administration of Act.
211.1036 Administration of act. Sec. 6. This act shall be administered by the department of treasury under 1941 PA 122, MCL 205.1 to 205.31. History: 2006, Act 379, Imd. Eff. Sept. 27, 2006
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. […]