Michigan § 141.1413 - Property of authority.
Full text of Michigan Michigan Compiled Laws § 141.1413 — Property of authority., with citation guidance and answers to common questions.
§ 141.1413. Property of authority.
Property of an authority is public property devoted to an essential public and governmental function and purpose. Income of the authority is for a public purpose.
Except as otherwise provided in this subsection, the property of the authority and its income and operations are exempt from all taxes and special assessments of this state or a political subdivision of this state. Property of the authority and its income and operations that are leased to private persons are not exempt from any tax or special assessment of this state or a political subdivision of this state. Property of the authority is exempt from any ad valorem property taxes levied under the general property tax act, 1893 PA 206, MCL 211.1 to 211.157.
Bonds issued by the authority, and the interest on or income from those bonds, are exempt from all taxation of this state or a political subdivision of this state.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.1413
What does Michigan Compiled Laws § 141.1413 cover?
Section 141.1413 ("Property of authority.") 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 § 141.1413?
A common citation format is "Michigan Compiled Laws § 141.1413" (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 § 141.1413 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.