Section 331.1504 - Tax exemption.
MUNICIPAL HEALTH FACILITIES CORPORATIONS ACT (EXCERPT)
Act 230 of 1987
331.1504 Tax exemption.
Sec. 504.
All property of any corporation or nonprofit subsidiary corporation and its income and operation is exempt from all taxation by the state or by any taxing unit therein.
History: 1987, Act 230, Eff. Feb. 27, 1988