Sec. 2.
As used in this act:
(a) “Commission” means the state tax commission created by 1927 PA 360, MCL 209.101 to 209.107.
(b) “Conservation district” means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(c) “Converted by a change in use” means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(d) “Department” means the department of agriculture and rural development.
(e) “Forest management plan” means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(f) “Forest practice” means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(g) “Harvest” means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(h) “Taxable value” means the taxable value as determined under section 27a of the general property tax act, 1893 PA 206, MCL 211.27a.
(i) “Transitional qualified forest property” means forestland that meets all of the following:
(i) The forestland is classified as commercial forest under part 511 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.51101 to 324.51120.
(ii) The forestland meets the definition of qualified forest property under section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(iii) The owner of the forestland has applied to and that application has been approved by the department under section 4.
(j) “Transitional qualified forest property specific tax” means the specific tax levied under section 6.
History: 2016, Act 260, Imd. Eff. June 28, 2016