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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-79 CHAPTER 79 PROPERTY AND CASUALTY GUARANTY ASSOCIATION (500.7901...500.7949)
Section 500.7947 Tax exemption.
Universal Citation: MI Comp L § 500.7947 (2017)
500.7947 Tax exemption.
Sec. 7947.
The association shall be exempt from all license fees, income, franchise, privilege or occupation taxes levied or assessed by this state, any municipality, county or other political subdivision of the state, except state, county or municipal taxes upon the real or personal property of the association, which is to be assessed and taxed in the same manner as real property and personal property of other nonexempt persons.
History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969
Popular Name: Act 218
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