Michigan § 125.732 - Housing projects; payments in lieu of taxes.
Full text of Michigan Michigan Compiled Laws § 125.732 — Housing projects; payments in lieu of taxes., with citation guidance and answers to common questions.
§ 125.732. Housing projects; payments in lieu of taxes.
Any city or incorporated village or township shall make payments in lieu of taxes with respect to housing projects acquired hereunder in such amounts as may be deemed equitable and appropriate but not to exceed the taxes which would be levied on the property if it were not tax exempt: Provided, That no payments in lieu of taxes at a lesser rate than would be levied on the property if it were not tax exempt shall be valid without first submitting a proposal for such lesser rate to the electors of the city, incorporated village or township at a regular election in the municipality and obtaining the approval of a majority of said electors voting thereon.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.732
What does Michigan Compiled Laws § 125.732 cover?
Section 125.732 ("Housing projects; payments in lieu of taxes.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 125.732?
A common citation format is "Michigan Compiled Laws § 125.732" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 125.732 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.