Michigan Compiled Laws
Act 157 of 1986 - Michigan Export Development Act (447.151 - 447.168)
Section 447.165 - Additional Tax Exemptions.

Sec. 15.
The property of the authority and its income and operation are exempt from all taxation by this state or its political subdivisions. This section shall not be construed to provide an exemption from any taxes for a person receiving assistance from the authority under this act.
History: 1986, Act 157, Imd. Eff. July 7, 1986 ;-- Am. 1990, Act 304, Imd. Eff. Dec. 14, 1990

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 447 - Foreign Trade

Act 157 of 1986 - Michigan Export Development Act (447.151 - 447.168)

Section 447.151 - Short Title.

Section 447.152 - Definitions.

Section 447.153 - Michigan Export Development Authority; Creation; Budgeting, Procurement, and Related Functions; Purpose of Authority.

Section 447.154 - Board of Directors; Appointment, Qualifications, and Terms of Members; Vacancy; Oath or Affirmation; Reimbursement for Expenses; Election of Chairperson, Vice-Chairperson, Secretary, and Other Officers; Quorum; Majority Vote Suffici...

Section 447.155 - Effect of Vacancy in Membership of Board; Authorization and Effective Date of Action by Board; Delegation of Powers and Duties; Liability or Accountability on Contract, Commitment, or Agreement; Liability for Damage or Injury; Indem...

Section 447.156 - Conducting Business at Public Meeting; Notice; Availability of Writings to Public; Confidentiality.