Mich. Comp. Laws § 18.1222

Property acquired through installment lease agreement as public property; exemption from property tax.

Michigan · Michigan Compiled Laws — THE MANAGEMENT AND BUDGET ACT (Act 431 of 1984) · Status: effective

Cite this

Citation: Mich. Comp. Laws § 18.1222, Property acquired through installment lease agreement as public property; exemption from property tax, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1336741
Permanent ID: ys:prov:1336741@1
SHA-256: 8981b42afa9674751b8e91fdabdd206c641b40c75565001448cea8f44e81285d

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

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.