Sec. 10.
The tax imposed under this act shall be collected by the county treasurer and deposited with the treasurer as provided in this section. By the fifteenth day of each month, the county treasurer shall, on a form prescribed by the treasurer, itemize the tax collected the preceding month and transmit the form and the tax collected to the treasurer. The county treasurer may retain the interest earned on the money collected pursuant to this act while held by the county treasurer, as reimbursement for the costs incurred by the county in collecting and transmitting the tax imposed by this act. The money retained by the county treasurer under this section shall be deposited in the treasury of the county where the tax is collected to the credit of the general fund.
History: 1993, Act 330, Eff. Apr. 1, 1994
Structure Michigan Compiled Laws
Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)
Section 207.521 - Short Title.
Section 207.522 - Definitions.
Section 207.523 - Written Instruments Subject to Tax; Person Liable for Tax; Payment Date; Refund.
Section 207.524 - Written Instruments Executed Outside of State.
Section 207.526 - Written Instruments and Transfers of Property Exempt From Tax.
Section 207.527 - Bankruptcy or Insolvency Proceeding; Exemption From Tax.
Section 207.528 - Stamp as Evidence of Tax Payment; Other Methods of Cancellation.
Section 207.530 - Disposition of Tax.
Section 207.531 - Crediting Tax Proceeds.
Section 207.532 - Payment of Tax; Written Instruments Not Subject to Tax.
Section 207.534 - Prohibited Conduct; Violation as Misdemeanor.
Section 207.535 - Tax in Addition to and Collected With Tax Imposed Under MCL 207.501 to 207.513.