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Downtown Development Authority (Excerpt) Act 197 Of 1975

Published: 2015

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Act 197 of 1975

125.1678a Exemption.Sec. 28a.

Beginning January 1, 2010, the authority shall be exempt from all taxation on its earnings or property. Instruments of conveyance from an authority are exempt from transfer taxes under 1966 PA 134, MCL 207.501 to 207.513, and the state real estate transfer tax act, 1993 PA 330, MCL 207.521 to 207.537.

History: Add. 2012, Act 396, Imd. Eff. Dec. 19, 2012

© 2015 Legislative Council, State of Michigan