Michigan Compiled Laws
331-1966-2-13 - Chapter 13 New Jobs Training Programs (389.161...389.166)
Section 389.165 - Tax Exemption.

Sec. 165.
Bonds and notes issued by a community college district under this chapter and the interest on and income from those bonds and notes are exempt from taxation by this state or a political subdivision of this state.
History: Add. 2008, Act 359, Imd. Eff. Dec. 23, 2008

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 389 - Community Colleges

Act 331 of 1966 - Community College Act of 1966 (389.1 - 389.195)

331-1966-2 - Part 2 (389.101...389.195)

331-1966-2-13 - Chapter 13 New Jobs Training Programs (389.161...389.166)

Section 389.161 - Definitions.

Section 389.162 - Agreement by Community College and Employer; Establishment of Project; Provisions; Payments as Lien on Employer's Business Property; Filing With Department of Treasury; Limitation on Entering New Agreements.

Section 389.163 - Program Costs of New Jobs Training Program; Payment From Money Received From New Jobs Credit From Withholding; Agreement; Provisions; Amount Remitted to Community College District; Information to Be Provided to Department of Treasu...

Section 389.164 - New Jobs Training Revenue Bonds; Sunset.

Section 389.165 - Tax Exemption.

Section 389.166 - Aggregate Outstanding Obligation of All Agreements; Limitation.