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Code · Michigan · Chapter 259 — Aviation

259.124 Bonds or other evidence of indebtedness; tax exemption.

56 words·~1 min read·/mi/chapter-259/259-124

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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
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