Sec. 2. The legislature of this state finds and declares that there exists in this state continuing need for programs to assist certain local governmental units in encouraging economic development, the consequent job creation and retention, and ancillary economic growth in this state. To achieve these purposes, it is necessary to assist and encourage the creation of renaissance zones and provide temporary relief from certain taxes within the renaissance zones.
Mich. Comp. Laws § 125.2682
Legislative findings and declarations
Applied in 2 court decisions — leading case 277 Mich. App. 159 - Kinder Morgan Michigan, LLC v. City of Jackson (2008)
Most recently applied in Lafarge Midwest, Inc. v. City of Detroit (October 2010)
1996, Act 376, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.