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Michigan Legislature
Michigan Compiled Laws Complete Through PA 29 of 2021
House: Adjourned until Tuesday, June 22, 2021 1:30:00 PM
Senate: Adjourned until Wednesday, June 23, 2021 10:00:00 AM

Michigan Legislature

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Section 207.502

Act 134 of 1966

207.502 Instruments executed within state subject to tax.

Sec. 2.

  (1) There is imposed, in addition to all other taxes, a tax upon the following written instruments executed within this state when said instrument is recorded.
  (a) Contracts for the sale or exchange of real estate or any interest therein or any combination of the foregoing or any assignment or transfer thereof.
  (b) Deeds or instruments of conveyance of real property or any interest therein, for a consideration.
  (2) The tax shall be upon the person who is the seller or grantor.

History: 1966, Act 134, Eff. Jan. 1, 1968 ;-- Am. 1968, Act 327, Imd. Eff. July 3, 1968

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