Statutes, codes, and regulations
Michigan Compiled Laws
Chapter 259 - AVIATIONAERONAUTICS CODE OF THE STATE OF MICHIGAN
Subchapter - CHAPTER VIA. ACQUISITION AND OPERATION OF AIRPORTS, LANDING FIELDS, AND OTHER AERONAUTICAL FACILITES BY PUBLIC AIRPORT AUTHORITIES
Section 259.124 - Bonds or other evidence of indebtedness; tax exemption

Mich. Comp. Laws § 259.124

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Current through Public Act 156 of the 2024 Legislative Session
Section 259.124 - Bonds or other evidence of indebtedness; tax exemption

All bonds or other evidences of indebtedness issued by an authority under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer and franchise taxes.

MCL 259.124

Add. 2002, Act 90, Imd. Eff. 3/26/2002.