Search within this Statute for
STATE REAL ESTATE TRANSFER TAX ACT Act 330 of 1993 AN ACT to impose a state tax on the transfer of an interest in real property; to provide for the administration of this act; to prescribe the powers and duties of certain state and local officers; to provide for the collection and distribution of the tax; and to prescribe penalties and provide remedies.
History: 1993, Act 330, Eff. Apr. 1, 1994 © 2017 Legislative Council, State of Michigan The People of the State of Michigan enact:
Section 207.521 Section Short title.
Section 207.522 Section Definitions.
Section 207.523 Section Written instruments subject to tax; person liable for tax; payment date; refund.
Section 207.524 Section Written instruments executed outside of state.
Section 207.525 Section Tax rate; statement of total value of real property being transferred; affidavit; value of real and personal property stated separately.
Section 207.526 Section Written instruments and transfers of property exempt from tax.
Section 207.527 Section Bankruptcy or insolvency proceeding; exemption from tax.
Section 207.528 Section Stamp as evidence of tax payment; other methods of cancellation.
Section 207.529 Section Stamps; prescribing and preparing for use; requisition of stamps by county treasurer; use of tax meter machine; alternative means.
Section 207.530 Section Disposition of tax.
Section 207.531 Section Crediting tax proceeds.
Section 207.532 Section Payment of tax; written instruments not subject to tax.
Section 207.533 Section Recording written instruments; stamps required; reason for exemption to be stated on written instrument; effect of noncompliance with act; use and disclosure of affidavit.
Section 207.534 Section Prohibited conduct; violation as misdemeanor.
Section 207.535 Section Tax in addition to and collected with tax imposed under MCL 207.501 to 207.513.
Section 207.536 Section Administration of act.
Section 207.537 Section Conditional effective date.