Michigan Laws > Chapter 211 > Act 162 of 1933 – Additional Taxes in Municipal School Districts
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Terms Used In Michigan Laws > Chapter 211 > Act 162 of 1933 - Additional Taxes in Municipal School Districts
- 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.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- municipal corporation: shall mean a township, county, village or city;
(b) The term "commission" shall mean the county tax commission created by the property tax limitation act, being Act No. See Michigan Laws 211.251net limitation tax rate: shall mean the net limitation tax rate as determined according to the provisions of the aforesaid property tax limitation act. See Michigan Laws 211.251 Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses. Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide. 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 United States: shall be construed to include the district and territories. See Michigan Laws 8.3o