211.1131 Tax increment finance authority capture; prohibition; sharing of distribution.
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/mi/chapter-211/211-1131A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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