MICHIGAN EDUCATION TRUST ACT (EXCERPT)
Act 316 of 1986

390.1435 Exemption from taxation.

Sec. 15.

The property of the trust and its income and operation shall be exempt from all taxation by this state or any of its political subdivisions.

History: 1986, Act 316, Imd. Eff. Dec. 23, 1986

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Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov