Michigan Laws > Chapter 211 > Act 512 of 2014 – Eligible Hydroponics and Eligible Aquaculture Production Facilities Specific Tax Act


§ 211.981	Short title
§ 211.982	Definitions
§ 211.983	Eligible hydroponics production facility or eligible aquaculture production facility; tax exemption
§ 211.984	Determination of value and taxable value
§ 211.985	Eligible hydroponics and eligible aquaculture production facilities specific tax; amount; determination; payment; disbursement; copy sent by collecting officer to commission
§ 211.986	Unpaid taxes subject to forfeiture, foreclosure, and sale; manner

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Terms Used In Michigan Laws > Chapter 211 > Act 512 of 2014 - Eligible Hydroponics and Eligible Aquaculture Production Facilities Specific Tax Act

Aquaculture: means the commercial husbandry of aquaculture species, including, but not limited to, culturing, producing, growing, propagating, and harvesting aquaculture products under any applicable permits or registration. See Michigan Laws 211.982
Aquaculture production facility: means real property used for an indoor aquaculture production operation using aquaculture techniques or practices for growing aquaculture species. See Michigan Laws 211.982
Commission: means the state tax commission created by 1927 PA 360, MCL 209. See Michigan Laws 211.982
Eligible aquaculture production facility: means an aquaculture production facility that has a production area of not less than 10,000 square feet. See Michigan Laws 211.982
Eligible hydroponics production facility: means a hydroponics production facility that has a production area of not less than 1 acre. See Michigan Laws 211.982
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Hydroponics: means a system in which water-soluble nutrients are placed in intimate contact with a plant's root system, being grown in an inert supportive medium, which inert supportive medium itself does all of the following:

(i) Supplies physical support for the roots. See Michigan Laws 211.982

Hydroponics production facility: means real property used for an indoor agriculture production operation using hydroponics techniques or practices for growing plants produced by agriculture that are useful to human beings, including, but not limited to, forages, field crops, sod, berries, herbs, fruits, vegetables, flowers, seeds, and nursery stock. See Michigan Laws 211.982

Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.

Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o

Taxable value: means the taxable value as determined under section 27a of the general property tax act, 1893 PA 206, MCL 211. See Michigan Laws 211.982