PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (EXCERPT)
Act 77 of 2010
38.2744 Taxation of assets and income; exemption.
All assets and income of the trusts shall be exempt from taxation by this state or any political subdivision of this state. Except as otherwise provided in section 4(2), distributions from the trusts shall not be treated as taxable income to the past members, their health reimbursement account dependents, or their funding account dependents by this state or any political subdivision of this state.
History: 2010, Act 77, Imd. Eff. May 19, 2010
Am. 2011, Act 265, Imd. Eff. Dec. 15, 2011
© 2009 Legislative Council, State of Michigan