Michigan § 211.1131 Tax increment finance authority capture; prohibition; sharing of distribution.

Michigan Statutes

§ 211.1131 — Tax increment finance authority capture; prohibition; sharing of distribution.

Michigan § 211.1131

Ch. 211TAXATION OF REAL AND PERSONAL PROPERTY

Act 35 of 2022QUALIFIED HEAVY EQUIPMENT RENTAL PERSONAL PROPERTY SPECIFIC TAX ACT (211.1121-211.1133)

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Bluebook

Mich. Comp. Laws § 211.1131 (2026).

Text

QUALIFIED HEAVY EQUIPMENT RENTAL PERSONAL PROPERTY SPECIFIC TAX ACT (EXCERPT) Act 35 of 2022 211.1131 Tax increment finance authority capture; prohibition; sharing of distribution. Sec.

11.Qualified heavy equipment rental personal property specific taxes are not subject to capture by any tax increment finance authority. This section does not prohibit a tax increment finance authority from sharing in the distribution of a local tax collecting unit's allocation described in section 9(5)(b)(i).

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QUALIFIED HEAVY EQUIPMENT RENTAL PERSONAL PROPERTY SPECIFIC TAX ACT (EXCERPT) Act 35 of 2022 211.1131 Tax increment finance authority capture; prohibition; sharing of distribution. Sec. 11. Qualified heavy equipment rental personal property specific taxes are not subject to capture by any tax increment finance authority. This section does not prohibit a tax increment finance authority from sharing in the distribution of a local tax collecting unit's allocation described in section 9(5)(b)(i).