Michigan Compiled Laws § 259.124 Bonds Or Other Evidence Of Indebtedness; Tax Exemption.

259.124 Bonds or other evidence of indebtedness; tax exemption.

Sec. 124.

All bonds or other evidences of indebtedness issued by an authority under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer and franchise taxes.

History: Add. 2002, Act 90, Imd. Eff. Mar. 26, 2002

Section: Previous  259.115  259.116  259.117  259.118  259.119  259.120  259.121  259.122  259.123  259.124  259.125  259.125a  259.125b  259.125c    Next

Last modified: October 10, 2016