MCL - Act 134 of 1966


REAL ESTATE TRANSFER TAX

Act 134 of 1966

AN ACT to impose a tax upon written instruments which transfer any interest in real property; to provide for the administration of this act; and to provide penalties for violations of this act.


History: 1966, Act 134, Eff. Jan. 1, 1968




The People of the State of Michigan enact:
Document Type Description
Section 207.501 Section Real estate transfer tax; definitions.
Section 207.502 Section Instruments executed within state subject to tax.
Section 207.503 Section Instruments executed outside state subject to tax.
Section 207.504 Section Rate of tax; statement on face of written instrument; affidavit.
Section 207.505 Section Exemptions.
Section 207.506 Section Bankruptcy or insolvency proceedings; transfer to receivers.
Section 207.507 Section Documentary stamps; purchase, methods of affixation, cancellation.
Section 207.508 Section Preparation of stamps; duty of treasurer, use of tax meter machine.
Section 207.509 Section Revenue, disposition; credit to general fund.
Section 207.510 Section Tax to be paid only once; exemptions; new consideration.
Section 207.511 Section Recording, requirements; detachment of affidavit; use.
Section 207.512 Section Unlawful acts; penalty for violations.
Section 207.513 Section Effective date.