Michigan Laws 207.778 – Neighborhood enterprise zone certificate; form and contents
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 207.778
- certificate: means a certificate issued pursuant to sections 4, 5, and 6. See Michigan Laws 207.772
- Commission: means the state tax commission created by 1927 PA 360, MCL 209. See Michigan Laws 207.772
- Facility: means a homestead facility, a new facility, or a rehabilitated facility. See Michigan Laws 207.772
- Homestead facility: means 1 of the following:
(i) An existing structure, purchased by or transferred to an owner after December 31, 1996, that has as its primary purpose residential housing consisting of 1 or 2 units, 1 of which is occupied by an owner as his or her principal residence and that is located within a subdivision platted pursuant to state law before January 1, 1968 other than an existing structure for which a certificate will or has been issued after December 31, 2006 in a city with a population of 750,000 or more, is located within a subdivision platted pursuant to state law before January 1, 1968. See Michigan Laws 207.772Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
A neighborhood enterprise zone certificate shall be in the form prescribed and provided by the commission and shall include both of the following:
(a) A legal description of the real property on which the new facility is to be located or the legal description of the homestead facility or the rehabilitated property.
(b) A statement that unless revoked under this act, the certificate shall remain in effect for the period stated in the certificate.