Statutes > Michigan Statutes > Chapter 211 - TAXATION OF REAL AND PERSONAL PROPERTY > Act 88 of 1909 - EXEMPTION OF MUNICIPAL BONDS (211.571 - 211.571) > Section 211.571 - Bonds exempted from taxation.

Section 211.571 - Bonds exempted from taxation.

EXEMPTION OF MUNICIPAL BONDS (EXCERPT)
Act 88 of 1909

211.571 Bonds exempted from taxation.

Sec. 1.

All bonds hereafter issued by any county, township, city, village, school district or community college district within the state pursuant to statute are exempted from all taxation.


History: 1909, Act 88, Eff. Sept. 1, 1909 ;-- CL 1915, 4194 ;-- CL 1929, 3754 ;-- CL 1948, 211.571 ;-- Am. 1963, Act 234, Imd. Eff. May 23, 1963
Compiler's Notes: Former section 2 of this act, a repeal provision, was repealed by Act 267 of 1945.