§ 211.981 Short title
§ 211.982 Definitions
§ 211.983 Eligible hydroponics production facility or eligible aquaculture production facility; tax exemption
§ 211.984 Determination of value and taxable value
§ 211.985 Eligible hydroponics and eligible aquaculture production facilities specific tax; amount; determination; payment; disbursement; copy sent by collecting officer to commission
§ 211.986 Unpaid taxes subject to forfeiture, foreclosure, and sale; manner

Terms Used In Michigan Laws > Chapter 211 > Act 512 of 2014 - Eligible Hydroponics and Eligible Aquaculture Production Facilities Specific Tax Act

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Aquaculture: means the commercial husbandry of aquaculture species, including, but not limited to, culturing, producing, growing, propagating, and harvesting aquaculture products under any applicable permits or registration. See Michigan Laws 211.982
  • Aquaculture production facility: means real property used for an indoor aquaculture production operation using aquaculture techniques or practices for growing aquaculture species. See Michigan Laws 211.982
  • Commission: means the state tax commission created by 1927 PA 360, MCL 209. See Michigan Laws 211.982
  • Eligible aquaculture production facility: means an aquaculture production facility that has a production area of not less than 10,000 square feet. See Michigan Laws 211.982
  • Eligible hydroponics production facility: means a hydroponics production facility that has a production area of not less than 1 acre. See Michigan Laws 211.982
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Hydroponics: means a system in which water-soluble nutrients are placed in intimate contact with a plant's root system, being grown in an inert supportive medium, which inert supportive medium itself does all of the following:
  (i) Supplies physical support for the roots. See Michigan Laws 211.982
  • Hydroponics production facility: means real property used for an indoor agriculture production operation using hydroponics techniques or practices for growing plants produced by agriculture that are useful to human beings, including, but not limited to, forages, field crops, sod, berries, herbs, fruits, vegetables, flowers, seeds, and nursery stock. See Michigan Laws 211.982
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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
  • Taxable value: means the taxable value as determined under section 27a of the general property tax act, 1893 PA 206, MCL 211. See Michigan Laws 211.982