Michigan Laws 207.569 – Form and contents of exemption certificate
Current as of: 2024 | Check for updates
|
Other versions
An industrial facilities exemption certificate shall be in the form the commission determines but shall contain:
(a) A legal description of the real property on which the facility is or is to be located.
Terms Used In Michigan Laws 207.569
- Personal property: All property that is not real property.
- 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
(b) A statement that unless revoked as provided in this act the certificate shall remain in force for the period stated in the certificate.
(c) In the case of a replacement facility a statement of the state equalized valuation of the obsolete industrial property, separately stated for real and personal property, for the tax year immediately preceding the effective date of the certificate after deducting the state equalized valuation of the land and inventory.