Michigan Laws 125.1442 – Property of authority; exempt from taxation
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Terms Used In Michigan Laws 125.1442
- Authority: means the Michigan state housing development authority created in this act. See Michigan Laws 125.1411
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
The property of the authority and its income and operation shall be exempt from all taxation by the state or any of its political subdivisions and all bonds and notes of the authority shall be exempt from all taxation by the state or any of its political subdivisions.