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).
History: 2022, Act 35, Eff. Mar. 23, 2022
Rendered 8/15/2025 8:25 AM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov