Section 207.826 - Tax exemption. - Michigan Statutes

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Statutes > Michigan > Chapter-207 > Act-593-of-2002 > Section-207-826

MICHIGAN NEXT ENERGY AUTHORITY ACT (EXCERPT)
Act 593 of 2002

207.826 Tax exemption.

Sec. 6.

The authority created under this act shall be exempt from and shall not be required to pay taxes on property, both real and personal, belonging to the authority, which is used for a public purpose. Property of the authority is public property devoted to an essential public and governmental function and purpose.

History: 2002, Act 593, Imd. Eff. Oct. 17, 2002
Compiler's Notes: For transfer of powers and authority of Michigan next energy authority from department of management and budget to department of labor and economic growth by Type I transfer, see E.R.O. No. 2003-1, compiled at MCL 445.2011.

State Codes and Statutes

Statutes > Michigan > Chapter-207 > Act-593-of-2002 > Section-207-826

MICHIGAN NEXT ENERGY AUTHORITY ACT (EXCERPT)
Act 593 of 2002

207.826 Tax exemption.

Sec. 6.

The authority created under this act shall be exempt from and shall not be required to pay taxes on property, both real and personal, belonging to the authority, which is used for a public purpose. Property of the authority is public property devoted to an essential public and governmental function and purpose.

History: 2002, Act 593, Imd. Eff. Oct. 17, 2002
Compiler's Notes: For transfer of powers and authority of Michigan next energy authority from department of management and budget to department of labor and economic growth by Type I transfer, see E.R.O. No. 2003-1, compiled at MCL 445.2011.

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-207 > Act-593-of-2002 > Section-207-826

MICHIGAN NEXT ENERGY AUTHORITY ACT (EXCERPT)
Act 593 of 2002

207.826 Tax exemption.

Sec. 6.

The authority created under this act shall be exempt from and shall not be required to pay taxes on property, both real and personal, belonging to the authority, which is used for a public purpose. Property of the authority is public property devoted to an essential public and governmental function and purpose.

History: 2002, Act 593, Imd. Eff. Oct. 17, 2002
Compiler's Notes: For transfer of powers and authority of Michigan next energy authority from department of management and budget to department of labor and economic growth by Type I transfer, see E.R.O. No. 2003-1, compiled at MCL 445.2011.