Michigan Laws > Chapter 211 > Act 88 of 1909 – Exemption of Municipal Bonds
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§ 211.571 | Bonds exempted from taxation |
Terms Used In Michigan Laws > Chapter 211 > Act 88 of 1909 - Exemption of Municipal Bonds
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Statute: A law passed by a legislature.