Michigan Laws 211.43c – Retention of earned interest
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Terms Used In Michigan Laws 211.43c
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Notwithstanding section 43, if there is not an agreement for alternative schedules for delivering interest earned, the local tax collecting unit shall retain interest earned on the collections of the state education tax levied under the state education tax act, Act No. 331 of the Public Acts of 1993, being section 211.901 to 211.906 of the Michigan Compiled Laws, while in the possession of the local tax collecting unit.