{"data":{"id":"us-mi/mich.-comp.-laws-487.3804","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3804","heading":"Tax exemptions.","body":"Sec. 804.\n\nA savings bank subject to this act shall have the following tax exemptions:\n\nAll mortgages or other securities held by savings banks are exempt from all municipal or other taxes under the laws of this state.\n\nAll personal property owned by savings banks is exempt from taxation.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3804","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"f74c99339c6a9e4a018755749d20c64df560a7ddf3479c22e5f94c182075ecde","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3803","next":"us-mi/mich.-comp.-laws-487.711"},"notice":"GroundRules: Original legal text. Not legal advice."}