Public Employee Retirement Health Care Funding Act (Excerpt) Act 77 Of 2010


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month, or Get a Day Pass for only USD$9.99.
PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (EXCERPT)
Act 77 of 2010

38.2744 Taxation of assets and income; exemption.Sec. 14.

All assets and income of the trusts shall be exempt from taxation by this state or any political subdivision of this state. Except as otherwise provided in section 4(2), distributions from the trusts shall not be treated as taxable income to the past members, their health reimbursement account dependents, or their funding account dependents by this state or any political subdivision of this state.




History: 2010, Act 77, Imd. Eff. May 19, 2010

;--



Am. 2011, Act 265, Imd. Eff. Dec. 15, 2011

© 2015 Legislative Council, State of Michigan