There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 38 - CIVIL SERVICE AND RETIREMENT
Act 77 of 2010 - PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (38.2731 - 38.2747)
Section 38.2744 - Taxation of assets and income.
PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (EXCERPT)Act 77 of 2010
38.2744 Taxation of assets and income.
Sec. 14.
All assets and income of the trusts shall be exempt from taxation by the state or any political subdivision of this state. Distributions from the trusts will not be treated as taxable income to the past members or their funding account dependents by this state or any political subdivision of this state.
History: 2010, Act 77, Imd. Eff. May 19, 2010
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