{"data":{"id":"us-mi/mich.-comp.-laws-125.2688d","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.2688d","heading":"Tool and die renaissance recovery zones; definitions.","body":"existing recovery zone to add additional property under the same terms and conditions as the existing recovery zone if all of the following are met:\n\n(a) The additional real property is contiguous to existing qualified tool and die business property and will become qualified tool and die business property once it is brought into operation as determined by the board of the Michigan strategic fund.\n\n(b) The city, village, or township in which the qualified tool and die business is located consents to the modification.\n\n(8) Beginning on January 13, 2009, a recovery zone may include a qualified tool and die business that has 75 or more full-time employees if that qualified tool and die business has entered into a written agreement with the board of the Michigan strategic fund and the city, village, or township, or a combination of cities, villages, or townships, in which the qualified tool and die business is located.\n\n(9) As used in this section:\n\n(a) \"Qualified collaborative agreement\" means an agreement that demonstrates synergistic opportunities, including, but not limited to, all of the following:\n\n( i ) Sales and marketing efforts.\n\n( ii ) Development of standardized processes.\n\n( iii ) Development of tooling standards.\n\n( iv ) Standardized project management methods.\n\n( v ) Improved ability for specialized or small niche shops to develop expertise and compete successfully on larger programs.\n\n(b) \"Qualified tool and die business\" means a business entity that meets all of the following:\n\n( i ) Has a North American industrial classification system (NAICS) of 332997, 333511, 333512, 333513, 333514, or 333515; or has a North American industrial classification system (NAICS) of 337215 and operates a facility within an existing renaissance zone, which facility is adjacent to real property not located in a renaissance zone and is located within 1/4 mile of a Michigan technical education center.\n\n( ii ) Has entered into a qualified collaboration agreement as approved by the Michigan strategic fund consisting of not fewer than 4 or more than 20 other business entities at the time of designation that have a North American industrial classification system (NAICS) of 332997, 333511, 333512, 333513, 333514, or 333515.\n\n( iii ) Except as otherwise provided by the board of the Michigan strategic fund, has fewer than 75 full-time employees.\n\n(c) \"Qualified tool and die business property\" means 1 or more of the following:\n\n( i ) Property owned by 1 or more qualified tool and die businesses and used by those qualified tool and die businesses primarily for tool and die business operations. Qualified tool and die business property is used primarily for tool and die business operations if the qualified tool and die businesses that own the qualified tool and die business property generate 75% or more of the qualified tool and die businesses' gross revenue from tool and die operations that take place on the qualified tool and die business property at the time of designation.\n\n( ii ) Property leased by 1 or more qualified tool and die business for which the qualified tool and die business is liable for ad valorem property taxes and which is used by those qualified tool and die businesses primarily for tool and die business operations. Qualified tool and die business property is used primarily for tool and die business operations if the qualified tool and die businesses that lease the qualified tool and die business property generate 75% or more of the qualified tool and die businesses' gross revenue from tool and die operations that take place on the qualified tool and die business property at the time of designation. The qualified tool and die business shall furnish proof of its ad valorem property tax liability to the department of treasury.\nand die businesses that lease the qualified tool and die business property generate 75% or more of the qualified tool and die businesses' gross revenue from tool and die operations that take place on the qualified tool and die business property at the time of designation. The qualified tool and die business shall furnish proof of its ad valorem property tax liability to the department of treasury.","path":["MI Code","Chapter 125","Act Act-376-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-2688d","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"71f44faf27cdf2f3bd6dc33792a36e993a5395832dfabf3c8d7d2fd0299183ee","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.2688c","next":"us-mi/mich.-comp.-laws-125.2688e"},"notice":"GroundRules: Original legal text. Not legal advice."}