Michigan Laws 125.1625 – Exemption of corporation and instruments of conveyance from taxation
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Terms Used In Michigan Laws 125.1625
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means a corporation organized pursuant to this act. See Michigan Laws 125.1603
The corporation shall be exempt from all taxation on its earnings or property. Instruments of conveyance to or from a corporation shall be exempt from all taxation including taxes imposed by Act No. 134 of the Public Acts of 1966, as amended, being section 207.501 to 207.513 of the Michigan Compiled Laws.