MCL - Act 106 of 1985
AN ACT to impose a state excise tax on persons engaged in the business of providing rooms for dwelling, lodging, or sleeping purposes to transient guests in certain counties; to provide for the levy, assessment, and collection of the tax; to provide for the disposition and appropriation of the collections from the tax; to create a convention facility development fund; to authorize the distributions from the fund; to authorize the use of distributions from the tax as security for any bonds, obligations, or other evidences of indebtedness issued to finance convention facilities as provided by law; to prescribe certain other matters relating to bonds, obligations, or other evidences of indebtedness issued for such purposes.
History: 1985, Act 106, Imd. Eff. July 30, 1985
| Document | Type | Description |
|---|---|---|
| Section 207.621 | Section | Short title. |
| Section 207.622 | Section | Legislative finding. |
| Section 207.623 | Section | Definitions. |
| Section 207.624 | Section | Excise tax; rates; exemption. |
| Section 207.625 | Section | Excise tax; time and manner of collection; administration of tax. |
| Section 207.626 | Section | Tax cumulative. |
| Section 207.628 | Section | Convention facility development fund; creation; disposition of collections; use of fund; contract requirement; appropriation, transfer, and deposit of amount. |
| Section 207.629 | Section | Distribution from fund; transferee as qualified local governmental unit; distribution to certain building authorities; "qualified local governmental unit" defined; certain payments prohibited; "qualified city" defined; building authority as qualified local governmental unit. |
| Section 207.630 | Section | Distribution of money remaining in fund; priority; substance abuse treatment; quarterly distributions. |
| Section 207.631 | Section | Refunding bonds, obligations, or other evidences of indebtedness; purposes for issuance; dedication of tax distributions from convention facility development fund; determination by state treasurer; effect of unlawful expenditure. |
| Section 207.632 | Section | Transmitting payment to trustee or trustees for bonds, obligations, other evidences of indebtedness, or payments under a public-private arrangement; prohibition; exception. |
| Section 207.633 | Section | When pledge effective, valid, and binding; lien of pledge; filing or recording of instrument creating pledge; construction of section. |
| Section 207.634 | Section | Bonds, obligations, or other evidences of indebtedness not debt, liability, or obligation of state; payment or refunding; statement. |
| Section 207.635 | Section | State pledge and agreement; construction of section. |
| Section 207.636 | Section | Liberal construction. |
| Section 207.637 | Section | Powers cumulative. |
| Section 207.638 | Section | Annual appropriation. |
| Section 207.639 | Section | Effective date of excise tax. |
| Section 207.640 | Section | Levy of tax; time period. |