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Home » US Law » 2022 Michigan Compiled Laws » Chapter 489 - Savings and Loan Associations » Act 156 of 1964 - Savings and Loan Association Act of 1964 (489.501 - 489.920)

Section 489.858 – Tax Exemptions.

489.858 Tax exemptions. Sec. 458. (1) All mortgages or other securities held by associations, are exempt from all municipal or other taxes under the laws of this state and all personal property owned by associations is exempt from taxation. (2) Federal savings and loan associations and their members shall be subject to the same taxation […]