Section 211.7z Property Used Primarily for Public School or Other Educational Purposes; Parent Cooperative Preschools.

MI Comp L § 211.7z (2019) (N/A)

Copy with citation

Copy as parenthetical citation

Sec. 7z.

(1) Property which is leased, loaned, or otherwise made available to a school district, community college, or other state supported educational institution, or a nonprofit educational institution which would have been exempt from ad valorem taxation had it been occupied by its owner solely for the purposes for which it was incorporated, while it is used by the school district, community college, or other state supported educational institution, or a nonprofit educational institution primarily for public school or other educational purposes is exempt from taxation under this act.

(2) The value of real estate owned and occupied by a parent cooperative preschool, as defined in section 9 is exempt from taxation under this act, if the property is used predominantly for operating a preschool education program.

History: Add. 1980, Act 142, Imd. Eff. June 2, 1980 ;-- Am. 1986, Act 200, Imd. Eff. July 21, 1986 Compiler's Notes: Section 2 of Act 200 of 1986 provides: “This amendatory act shall take effect for tax years beginning on or after December 31, 1985”.Popular Name: Act 206

Previous Section

Section 211.7y Landing Area; Description of Approach Clear Zones and Transitional Surface Areas in Statement; Standards; Certification.

Next Section

Section 211.7aa Exemption of Real Property Leased, Loaned, or Otherwise Made Available to Municipal Water Authority.