Section 500.7947 - Tax exemption.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.7947 Tax exemption.
Sec. 7947.
The association shall be exempt from all license fees, income, franchise, privilege or occupation taxes levied or assessed by this state, any municipality, county or other political subdivision of the state, except state, county or municipal taxes upon the real or personal property of the association, which is to be assessed and taxed in the same manner as real property and personal property of other nonexempt persons.
History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969
Popular Name: Act 218