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.
Mich. Comp. Laws § 390.1435
Exemption from taxation
Applied in 3 court decisions — leading case Michigan v. United States (1994)
Most recently applied in State of Michigan and Michigan Education Trust v. United States (February 1995)
1986, Act 316, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.