Sec. 5. (1) Except as otherwise provided in this section, if a system of retiring allowances is adopted under this act, the reserve fund created is exempt from all state, county, township, city, village, and school district taxes and the annuities payable to the members of the staff are exempt from all state, county, township, city, village, and school district taxes. (2) Beginning January 1, 2012, the annuities payable to the members of the staff are subject to state taxes.
Mich. Comp. Laws § 38.705
Reserve fund and annuities; tax exemption; subject to taxation beginning January 1, 2012
Applied in 1 court decision — leading case In Re Request for Advisory Opinion Regarding Constitutionality of 2011 PA 38 (2011)
Most recently applied in In Re Request for Advisory Opinion Regarding Constitutionality of 2011 PA 38 (November 2011)
1927, Act 339, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.