{"data":{"id":"us-mi/mich.-comp.-laws-259.124","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 259.124","heading":"Bonds or other evidence of indebtedness; tax exemption.","body":"Sec. 124.\n\nAll bonds or other evidences of indebtedness issued by an authority under this chapter, and the interest thereon, are free and exempt from all taxation within the state, except for transfer and franchise taxes.","path":["MI Code","Chapter 259","Act Act-327-of-1945"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-259-124","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"a236eccab849f8342f63364cde8426ee211f927942039c07f3676f0aa0a559c9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-259.123","next":"us-mi/mich.-comp.-laws-259.125"},"notice":"GroundRules: Original legal text. Not legal advice."}