Transferability

Act 226 of 2004, § 901, under FIRST CLASS CITIES ECONOMIC DEVELOPMENT DISTRICT ACT - ENACTMENT.

Act 226 of 2004, § 901

Section 901. Transferability.

Any exemption, deduction, abatement or credit provided to any person or qualified business under Chapter 5 or 7 is nontransferable and cannot be applied, used or assigned to any other person, business or tax account.