Mich. Comp. Laws § 205.92c

Current through Public Act 151 of the 2024 Legislative Session

Section 205.92c - Definitions

As used in this act:

(a) "Authority" means the local community stabilization authority created under the local community stabilization authority act.

(b) "Basic school operating mills" means school operating mills used to calculate the state portion of a local school district's foundation allowance under section 20 of the state school aid act of 1979, 1979 PA 94, MCL 388.1620, and levied under section 1211 of the revised school code, 1976 PA 451, MCL 380.1211, by a local school district that receives from this state a portion of its foundation allowance, as calculated under section 20(4) of the state school aid act of 1979, 1979 PA 94, MCL 388.1620.

(c) "Local community stabilization share" means the local community stabilization share tax described in section 3(5), authorized by the amendatory act that added this section, and included in the specific tax levied under section 3(1).

(d) "Personal property growth factor" means the average annual growth rate for industrial and commercial personal property taxable value from 1996 through 2012 rounded up to the nearest tenth of a percent, which is 1.0%.

(e) "State fiscal year" means the annual period fiscal beginning on October 1 of each year and ending on September 30 in the immediately succeeding year.

(f) "State share" means the state share tax described in section 3(5) and included in the specific tax levied under section 3(1).

MCL 205.92c

Added by 2014, Act 80,s 1, eff. 1/1/2015.

See 2012, Act 408, enacting sections 1 and 2. The conditions in enacting section 1 of Act 408 of 2012 were not met. Act 408 of 2012 did not go into effect. This section, which was added by 2014, Act 80,s 1, should have evidently amended the section added by Act 408 of 2012.

See 2014, Act 80, enacting sections 1 and 2. Act 80 of 2014 was approved by a majority of the voters at the August 5, 2014 primary election. The election results were certified by the Michigan Board of State Canvassers on August 22, 2014.

See 2014, Act 81, enacting sections 1 and 2. The conditions in enacting section 1 of Act 81 of 2014 were not met. Act 81 of 2014 did not go into effect.