State Codes and Statutes
Statutes > Michigan > Chapter-206 > Act-281-of-1967 > 281-1967-3 > Section-206-118INCOME TAX ACT OF 1967 (EXCERPT)
Act 281 of 1967
206.118 Property; average value.
Sec. 118.
The average value of property shall be determined by averaging the values at the beginning and ending of the tax period but the commissioner may require the averaging of monthly values during the tax period if reasonably required to reflect properly the average value of the taxpayer's property.
History: 1967, Act 281, Eff. Oct. 1, 1967
