Michigan Laws > Chapter 207 > Act 24 of 1995 – Michigan Economic Growth Authority Act
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Terms Used In Michigan Laws > Chapter 207 > Act 24 of 1995 - Michigan Economic Growth Authority Act
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Affiliated business: means a business that is at least 50% owned and controlled, directly or indirectly, by an associated business. See Michigan Laws 207.803
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Antique steam boiler: means a boiler that is no longer used in production applications and is used to demonstrate the historical significance of steam boilers in American history. See Michigan Laws 339.5901
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Associated business: means a business that owns at least 50% of and controls, directly or indirectly, an authorized business. See Michigan Laws 207.803
- Authority: means the Michigan economic growth authority created under section 4. See Michigan Laws 207.803
- Authorized business: means 1 of the following:
(i) A single eligible business with a unique federal employer identification number that has met the requirements of section 8 and with which the authority has entered into a written agreement for a tax credit under section 9. See Michigan Laws 207.803Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings. Board: means the board of boiler rules described in section 905. See Michigan Laws 339.5901 Boiler: means a closed vessel in which water is heated, steam is generated, or steam is superheated, or a combination of those actions occurs, under pressure or vacuum by the application of heat from combustible fuels, electricity, or nuclear energy. See Michigan Laws 339.5901 Business: means proprietorship, joint venture, partnership, limited liability partnership, trust, business trust, syndicate, association, joint stock company, corporation, cooperative, limited liability company, or any other organization. See Michigan Laws 207.803 Continuance: Putting off of a hearing ot trial until a later time. Contract: A legal written agreement that becomes binding when signed. Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. Department: means the department of licensing and regulatory affairs. See Michigan Laws 339.5103 Director: means the director of the department of licensing and regulatory affairs or his or her authorized representative. See Michigan Laws 339.5103 Distressed business: means a business that meets all of the following as verified by the Michigan economic growth authority:
(i) Four years immediately preceding the application to the authority under this act, the business had 150 or more full-time jobs in this state. See Michigan Laws 207.803Eligible business: means a distressed business or business that proposes to maintain retained jobs after December 31, 1999 or to create qualified new jobs in this state after April 18, 1995 in manufacturing, mining, research and development, wholesale and trade, film and digital media production, or office operations or a business that is a qualified high-technology business or a business that is a tourism attraction facility or a qualified lodging facility. See Michigan Laws 207.803 experience: includes any relevant experience acquired while serving in the armed forces by an individual who was separated from that service if all of the following are met:
(a) The applicant provides to the department a form DD214, a form DD215, or any other form that is satisfactory to the department that demonstrates that he or she was separated from that service, with an honorable character of service or under honorable conditions (general) character of service. See Michigan Laws 339.5903Facility: means a site or sites within this state in which an authorized business or subsidiary business maintains retained jobs or creates qualified new jobs. See Michigan Laws 207.803 Film and digital media production: means the development, preproduction, production, postproduction, and distribution of single media or multimedia entertainment content for distribution or exhibition to the general public in 2 or more states by any means and media in any digital media format, film, or video tape, including, but not limited to, a motion picture, a documentary, a television series, a television miniseries, a television special, interstitial television programming, long-form television, interactive television, music videos, interactive games, video games, internet programming, an internet video, a sound recording, a video, digital animation, or an interactive website. See Michigan Laws 207.803 Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC Full-time job: means a job performed by an individual for 35 hours or more each week and whose income and Social Security taxes are withheld by 1 or more of the following:
(i) An authorized business. See Michigan Laws 207.803General public: means each individual who resides in this state and is 18 years of age or older, other than an individual or the spouse of an individual who is licensed or registered in the occupation or who has a material financial interest in the occupation that is regulated by the specific article in which the term is used. See Michigan Laws 339.5105 High-technology activity: means 1 or more of the following:
(i) Advanced computing, which is any technology used in the design and development of any of the following:
(A) Computer hardware and software. See Michigan Laws 207.803in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases. License: includes the whole or part of a governmental permit, certificate, approval, registration, charter, or similar form of permission required under a specific article of this act. See Michigan Laws 339.5105 Multimodal commerce: means the movement of products or services via 2 of the following:
(i) Air. See Michigan Laws 207.803Municipality: means a city, village, or township. See Michigan Laws 339.5107 New capital investment: means 1 or more of the following:
(i) New construction. See Michigan Laws 207.803New construction: means property not in existence on the date the authorized business enters into a written agreement with the authority and not replacement construction. See Michigan Laws 207.803 new personal property: means personal property that is not subject to or that is exempt from the collection of taxes under the general property tax act, 1893 PA 206, MCL 211. See Michigan Laws 207.803 Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses. person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l Person: means an individual, sole proprietorship, partnership, association, limited liability company, corporation, or common law trust or a combination of those legal entities. See Michigan Laws 339.5107 Personal property: All property that is not real property. Qualified high-technology business: means a business or facility whose primary business activity is high-technology activity or a qualified high-wage activity. See Michigan Laws 207.803 Qualified high-wage activity: means a business that has an average wage of 300% or more of the federal minimum wage. See Michigan Laws 207.803 Qualified lodging facility: means 1 or more of the following:
(i) Lodging facilities that constitute a portion of a tourism attraction facility and represent less than 50% of the total cost of the tourism attraction facility, or the lodging facilities are to be located on recreational property owned or leased by the municipal, state, or federal government. See Michigan Laws 207.803Qualified new job: means 1 of the following:
(i) A full-time job created by an authorized business at a facility that is in excess of the number of full-time jobs the authorized business maintained in this state prior to the expansion or location, as determined by the authority. See Michigan Laws 207.803Quorum: The number of legislators that must be present to do business. Replacement construction: means that term as defined in section 34d(1)(b)(v) of the general property tax act, 1893 PA 206, MCL 211. See Michigan Laws 207.803 Retained jobs: means the number of full-time jobs at a facility of an authorized business maintained in this state on a specific date as that date and number of jobs is determined by the authority. See Michigan Laws 207.803 Rule: means a rule promulgated under the administrative procedures act of 1969. See Michigan Laws 339.5107 Rural business: means an eligible business located in a county with a population of 90,000 or less. See Michigan Laws 207.803 state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o stationary engineer: means an individual who is engaged in the operation of boilers and associated auxiliaries. See Michigan Laws 339.5901 Subsidiary business: means a business that is directly or indirectly controlled or at least 80% owned by an authorized business. See Michigan Laws 207.803 Tourism attraction facility: means a cultural or historical site, a recreation or entertainment facility, an area of natural phenomena or scenic beauty, or an entertainment destination center as determined by the Michigan economic growth authority as follows:
(i) In making a determination, the Michigan economic growth authority shall consider all of the following:
(A) Whether the facility will actually attract tourists. See Michigan Laws 207.803Written agreement: means a written agreement made pursuant to section 8. See Michigan Laws 207.803