MCL - Act 24 of 1995
AN ACT to promote economic growth and job creation within this state; to create and regulate the Michigan economic growth authority; to prescribe the powers and duties of the authority and of state and local officials; to assess and collect a fee; to approve certain plans and the use of certain funds; and to provide qualifications for and determine eligibility for tax credits and other incentives for authorized businesses and for qualified taxpayers.
History: 1995, Act 24, Imd. Eff. Apr. 18, 1995
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Am. 2000, Act 144, Imd. Eff. June 6, 2000
Popular Name: MEGA
| Document | Type | Description |
|---|---|---|
| Section 207.801 | Section | Short title. |
| Section 207.802 | Section | Legislative findings. |
| Section 207.803 | Section | Definitions. |
| Section 207.804 | Section | Michigan economic growth authority; creation within Michigan strategic fund; duties; membership, appointment, and terms of members; vacancy; compensation; expenses. |
| Section 207.805 | Section | Michigan economic growth authority; powers; quorum; meetings; business conducted at public meeting; confidential information; written statement; disclosure; “financial or proprietary information” defined. |
| Section 207.806 | Section | Michigan economic growth authority; powers. |
| Section 207.807 | Section | Application for tax credit; written agreement; form. |
| Section 207.808 | Section | Agreement for tax credit; determination; requirements; amount and duration of tax credits; factors; written agreement; criteria; limitation on new agreements; execution; repayment provision; conditions; agreement with eligible business not meeting criteria; guidelines for amendment, modification, or transfer of certificated credit. |
| Section 207.808a | Section | Fee or donation. |
| Section 207.809 | Section | Eligibility for credits; issuance of certificate. |
| Section 207.810 | Section | Report to legislature. |