Michigan Laws 389.165 – Tax exemption
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 389.165
- bonds: means bonds, notes, or other debt issued by a community college district under this chapter. See Michigan Laws 389.161
- Community college: means an educational institution providing collegiate and noncollegiate level education primarily to individuals above the twelfth grade age level within commuting distance. See Michigan Laws 389.105
- 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
Bonds and notes issued by a community college district under this chapter and the interest on and income from those bonds and notes are exempt from taxation by this state or a political subdivision of this state.