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Michigan Compiled Laws, Chapter 18. Department of Management and Budget § 18.1222

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 222. Property acquired for the state or a state agency through an installment lease agreement is public property and shall be considered exempt for purposes of the general property tax act, Act No. 206 of the Public Acts of 1893, being sections 211.1 to 211.157 of the Michigan Compiled Laws, if the state as lessee under the installment lease agreement is required to pay any taxes or reimburse the lessor for any payments the lessor has made.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 18. Department of Management and Budget § 18.1222 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-18-department-of-management-and-budget/mi-comp-laws-18-1222/

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