Michigan § 390.959 - Higher education assistance authority; gift tax, deductible.
Full text of Michigan Michigan Compiled Laws § 390.959 — Higher education assistance authority; gift tax, deductible., with citation guidance and answers to common questions.
§ 390.959. Higher education assistance authority; gift tax, deductible.
Notwithstanding the provisions of any general or special law or the provisions of any certificate of incorporation, charter or other articles of organization, all domestic corporations or associations organized for the purpose of carrying on business in this state, and any person, may make contributions or gifts, grants, bequests, devises or loans to the authority. The value of gifts, grants, bequests, devises and all contributions shall be allowed as deductions in computing the net taxable income of any person, corporation or association for purposes of any income or franchise tax imposed by the state or any political subdivision thereof.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.959
What does Michigan Compiled Laws § 390.959 cover?
Section 390.959 ("Higher education assistance authority; gift tax, deductible.") 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 § 390.959?
A common citation format is "Michigan Compiled Laws § 390.959" (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 § 390.959 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.