Michigan § 211.1035 Recapture tax; collection; notification; credit of tax proceeds.

Michigan Statutes

§ 211.1035 — Recapture tax; collection; notification; credit of tax proceeds.

Michigan § 211.1035

Ch. 211TAXATION OF REAL AND PERSONAL PROPERTY

Act 379 of 2006QUALIFIED FOREST PROPERTY RECAPTURE TAX ACT (211.1031-211.1036)

This text of Michigan § 211.1035 (Recapture tax; collection; notification; credit of tax proceeds.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 211.1035 (2026).

Text

QUALIFIED FOREST PROPERTY RECAPTURE TAX ACT (EXCERPT) Act 379 of 2006 211.1035 Recapture tax; collection; notification; credit of tax proceeds. Sec. 5.

(1)The recapture tax shall be collected by the treasurer.

(2)The assessor of the local tax collecting unit shall notify the treasurer of the date the property is converted by a change in use.

(3)The treasurer shall credit the proceeds of the recapture tax collected under this act as follows:

(a)Before January 1, 2014, to the general fund of this state.

(b)After December 31, 2013, to the private forestland enhancement fund created in section 51305 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.51305.

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QUALIFIED FOREST PROPERTY RECAPTURE TAX ACT (EXCERPT) Act 379 of 2006 211.1035 Recapture tax; collection; notification; credit of tax proceeds. Sec. 5. (1) The recapture tax shall be collected by the treasurer. (2) The assessor of the local tax collecting unit shall notify the treasurer of the date the property is converted by a change in use. (3) The treasurer shall credit the proceeds of the recapture tax collected under this act as follows: (a) Before January 1, 2014, to the general fund of this state. (b) After December 31, 2013, to the private forestland enhancement fund created in section 51305 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.51305.