Sec. 2.
As used in this act:
(a) "Commission" means the state tax commission created by 1927 PA 360, MCL 209.101 to 209.107.
(b) "Conservation district" means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(c) "Converted by a change in use" means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(d) "Department" means the department of agriculture and rural development.
(e) "Forest management plan" means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(f) "Forest practice" means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(g) "Harvest" means that term as defined in section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(h) "Taxable value" means the taxable value as determined under section 27a of the general property tax act, 1893 PA 206, MCL 211.27a.
(i) "Transitional qualified forest property" means forestland that meets all of the following:
(i) The forestland is classified as commercial forest under part 511 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.51101 to 324.51120.
(ii) The forestland meets the definition of qualified forest property under section 7jj of the general property tax act, 1893 PA 206, MCL 211.7jj[1].
(iii) The owner of the forestland has applied to and that application has been approved by the department under section 4.
(j) "Transitional qualified forest property specific tax" means the specific tax levied under section 6.
History: 2016, Act 260, Imd. Eff. June 28, 2016
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.