Michigan Laws 830.421 – Exemption from taxation
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Terms Used In Michigan Laws 830.421
- Building authority: means the state building authority created by this act. See Michigan Laws 830.411
- State: means the legislative, executive, and judicial branches of state government and includes institutions of higher education. See Michigan Laws 830.411
Property owned and acquired by the building authority in accordance with this act shall be exempt from taxes levied by the state or its political subdivisions and taxing districts. The building authority shall not be required to pay taxes or assessments upon its activities or upon its income or revenues.