Michigan Laws 38.1140g – Investment in securities exempt from taxes
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Terms Used In Michigan Laws 38.1140g
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
Notwithstanding any other provision of this act, investment in securities wholly or partially exempt from income or other taxes levied by the United States shall be made only at taxable-equivalent yields or returns available in the marketplace on otherwise comparable securities at the time the investment decision is made.