Mich. Comp. Laws § 211.1131

Current through Public Act 160 of the 2024 Legislative Session
Section 211.1131 - Tax increment finance authority capture; prohibition; sharing of distribution

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).

MCL 211.1131

Added by 2022, Act 35,s 6, eff. 3/23/2022.