Michigan § 207.560 Annual determination of value of facility.

Michigan Statutes

§ 207.560 — Annual determination of value of facility.

Michigan § 207.560

Ch. 207TAXATION

Act 198 of 1974PLANT REHABILITATION AND INDUSTRIAL DEVELOPMENT DISTRICTS (207.551-207.572)

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Bluebook

Mich. Comp. Laws § 207.560 (2026).

Text

PLANT REHABILITATION AND INDUSTRIAL DEVELOPMENT DISTRICTS (EXCERPT) Act 198 of 1974 207.560 Annual determination of value of facility. Sec. 10.

(1)The assessor of each city or township in which there is a speculative building, new facility, or replacement facility with respect to which 1 or more industrial facilities exemption certificates have been issued and are in force shall determine annually as of December 31 the value and taxable value of each facility separately, both for real and personal property, having the benefit of a certificate.

(2)The assessor, upon receipt of notice of the filing of an application for the issuance of a certificate, shall determine and furnish to the local legislative body and the commission the value of the property to which the application pertains and

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PLANT REHABILITATION AND INDUSTRIAL DEVELOPMENT DISTRICTS (EXCERPT) Act 198 of 1974 207.560 Annual determination of value of facility. Sec. 10. (1) The assessor of each city or township in which there is a speculative building, new facility, or replacement facility with respect to which 1 or more industrial facilities exemption certificates have been issued and are in force shall determine annually as of December 31 the value and taxable value of each facility separately, both for real and personal property, having the benefit of a certificate. (2) The assessor, upon receipt of notice of the filing of an application for the issuance of a certificate, shall determine and furnish to the local legislative body and the commission the value of the property to which the application pertains and other information as may be necessary to permit the local legislative body and the commission to make the determinations required by section 9(1).

Legislative History

1974, Act 198, Imd. Eff. July 9, 1974 ;-- Am. 1975, Act 302, Imd. Eff. Dec. 19, 1975 ;-- Am. 1982, Act 417, Imd. Eff. Dec. 28, 1982 ;-- Am. 1996, Act 1 , Imd. Eff. Jan. 30, 1996 Popular Name: Act 198