Sec. 5. Notes issued under this act before or after the effective date of this section and the interest on those notes shall be exempt from all taxation by the state or political subdivisions of the state.
Mich. Comp. Laws § 17.455
Notes and interest exempt from taxation
Add. 1982, Act 196, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.