reglab/housing_qa huggingface dataset:
MI Comp L § 207.511 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 134 of 1966 - Real Estate Transfer Tax (207.501 - 207.513)|Section 207.511 - Recording, Requirements; Detachment of Affidavit; Use.

207.511 Recording, requirements; detachment of affidavit; use. Sec. 11.  (a) No written instrument subject to this act shall be recorded in the office of any register of deeds of any county of this state unless documentary stamps as required by this act have been purchased at the time of presentation by the party responsible for their purchase according to subsection (2) of section 2. The stamps shall be affixed to the face of the instrument prior to recording unless the person specifically requests that the instrument be recorded prior to the affixing of the stamps. In the latter case, the stamps may be affixed to the reverse side of the instrument, however, in those cases where it is necessary to record said reverse side, the stamps shall be affixed after recording by the register of deeds. If the instrument of transfer is not subject to the tax, the instrument shall state on its face the reason for the exemption. Any instrument accepted for recording which is not in accordance with this act shall not affect the validity of such recording as to notice.  (b) An affidavit attached to a written instrument under the provisions of this act shall not be recorded and shall be detached from the written instrument prior to the recording of the instrument. Such affidavit shall be used for county fund auditing purposes only and shall not be disclosed to any other person. History: 1966, Act 134, Eff. Jan. 1, 1968 ;-- Am. 1967, Act 258, Imd. Eff. July 19, 1967 ;-- Am. 1968, Act 327, Imd. Eff. July 3, 1968
MI Comp L § 207.512 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 134 of 1966 - Real Estate Transfer Tax (207.501 - 207.513)|Section 207.512 - Unlawful Acts; Penalty for Violations.

207.512 Unlawful acts; penalty for violations. Sec. 12.  (1) It shall be unlawful for any person to:  (a) Fraudulently cut, tear or remove from a document any documentary stamp.  (b) Fraudulently affix to any document upon which tax is imposed by this act any documentary stamp which has been cut, torn or removed from any other written instrument upon which tax is imposed by this act, or any documentary stamp of insufficient value or any forged or counterfeited stamp or any impression of any forged or counterfeited stamp, die, plate or other article.  (c) Wilfully remove or alter the cancellation marks of any documentary stamp or restore any such documentary stamp with intent to use or cause the same to be used after it has already been used, or knowingly buy, sell, offer for sale or give away any such altered or restored stamp to any person for use, or knowingly use the same.  (d) Knowingly or wilfully prepare, keep, sell, offer for sale or have in his possession any forged or counterfeited documentary stamps.  (e) Knowingly or wilfully issue a false or fraudulent affidavit.  (2) Any person violating any of the provisions of this section is guilty of a misdemeanor and shall be fined not more than $500.00 and costs of prosecution, or imprisoned for not more than 1 year, or both. History: 1966, Act 134, Eff. Jan. 1, 1968 ;-- Am. 1967, Act 258, Imd. Eff. July 19, 1967
MI Comp L § 207.513 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 134 of 1966 - Real Estate Transfer Tax (207.501 - 207.513)|Section 207.513 - Effective Date.

207.513 Effective date. Sec. 13.  This act shall take effect immediately upon the repeal of the tax imposed by and paid to the United States on real estate transfer under the provisions of section 4361 of subchapter C of chapter 34 of the United States internal revenue code of 1954 as amended. History: 1966, Act 134, Eff. Jan. 1, 1968
MI Comp L § 207.521 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.521 - Short Title.

207.521 Short title. Sec. 1.  This act shall be known and may be cited as the "state real estate transfer tax act". History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.522 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.522 - Definitions.

207.522 Definitions.Sec. 2.  As used in this act:  (a) "Controlling interest" means more than 80% of the total value of all classes of stock of a corporation; more than 80% of the total interest in capital and profits of a partnership, association, limited liability company, or other unincorporated form of doing business; or more than 80% of the beneficial interest in a trust.  (b) "Person" means an individual, partnership, corporation, limited liability company, association, governmental entity, or other legal entity. If used in a penalty clause, person includes the partners or members of a firm, a partnership, or an association and the officers of a corporation.  (c) "Property" includes land, tenements, real estate, and real property and all rights to and interests in land, tenements, real estate, or real property.  (d) "Tax" means the state real estate transfer tax imposed under this act.  (e) "Transfer", unless otherwise exempt under this act, means the conveyance of title to or other transfer of a present interest or beneficial interest or any other interest in real property by any method, including the interest in real property acquired through the acquisition of a controlling interest in any entity with an interest in the property.  (f) "Treasurer" means the state treasurer.  (g) "Value" means the current or fair market worth in terms of legal monetary exchange at the time of the transfer. The tax shall be based on the value of the real property transferred and shall be collected at the time the instrument of conveyance is submitted for recording. In the case of a controlling interest in any entity that owns real property, value shall mean the value of the real property or interest in the real property, apportioned based on the percentage of the ownership interest transferred or acquired in the entity. History: 1993, Act 330, Eff. Apr. 1, 1994 ;-- Am. 2008, Act 473, Eff. Jan. 1, 2007 Compiler's Notes: Enacting section 2 of Act 473 of 2008 provides:"Enacting section 2. This amendatory act shall take effect January 1, 2007."
MI Comp L § 207.523 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.523 - Written Instruments Subject to Tax; Person Liable for Tax; Payment Date; Refund.

207.523 Written instruments subject to tax; person liable for tax; payment date; refund.Sec. 3.  (1) There is imposed, in addition to all other taxes, a tax upon the following written instruments executed within this state when the instrument is recorded:  (a) Contracts for the sale or exchange of property or any interest in the property or any combination of sales or exchanges or any assignment or transfer of property or any interest in the property.  (b) Deeds or instruments of conveyance of property or any interest in property, for consideration.  (c) Contracts for the transfer or acquisition of a controlling interest in any entity only if the real property owned by that entity comprises 90% or more of the fair market value of the assets of the entity determined in accordance with generally accepted accounting principles which shall be recorded.  (2) The person who is the seller or grantor of the property is liable for the tax imposed under this act.  (3) The tax imposed under this act shall be paid to the county treasurer where the real property is located not later than 15 days after the delivery of the instrument effecting the conveyance by the seller or grantor to the buyer or grantee or not later than 15 days after the transfer of a controlling interest in any entity with an interest in the real property. For purposes of this section, the date of the instrument effecting the transfer is presumed to be the date of delivery of the instrument.  (4) After the tax is paid, if the seller or the buyer who has paid the tax on behalf of the seller believes that the property was eligible for an exemption under section 6 at the time of the transfer, the seller or the buyer who has paid the tax on behalf of the seller may request a refund from the department of treasury in a form and manner determined by the department of treasury. The department of treasury shall pay the refund if it determines that the property was eligible for the exemption under section 6 at the time of the transfer. This subsection is intended to be retroactive and applies to a sale, exchange, assignment, or transfer beginning 4 years immediately preceding the effective date of the amendatory act that added this subsection. History: 1993, Act 330, Eff. Apr. 1, 1994 ;-- Am. 2008, Act 473, Eff. Jan. 1, 2007 ;-- Am. 2015, Act 217, Imd. Eff. Dec. 15, 2015 Compiler's Notes: Enacting section 2 of Act 473 of 2008 provides:"Enacting section 2. This amendatory act shall take effect January 1, 2007."
MI Comp L § 207.524 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.524 - Written Instruments Executed Outside of State.

207.524 Written instruments executed outside of state. Sec. 4.  There is imposed, in addition to all other taxes, a tax upon all written instruments described in section 3 executed outside of this state if the contract or transfer evidenced by the written instrument concerns property wholly located within this state. A written instrument described in this section is subject to this act. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.525 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.525 - Tax Rate; Statement of Total Value of Real Property Being Transferred; Affidavit; Value of Real and Personal Property Stated Separately.

207.525 Tax rate; statement of total value of real property being transferred; affidavit; value of real and personal property stated separately. Sec. 5.  (1) Beginning on January 1, 1995, except as otherwise provided in this section, the tax imposed under sections 3 and 4 is levied at the rate of $3.75 for each $500.00 or fraction of $500.00 of the total value of the property being transferred.  (2) A written instrument subject to the tax imposed by this act shall state on its face the total value of the real property being transferred unless an affidavit is attached to the written instrument declaring the total value of the real property being transferred. The form of the affidavit shall be prescribed by the department of treasury. If the sale or transfer is of a combination of real and personal property, the tax shall be imposed only upon the transfer of the real property if the values of the real and personal property are stated separately on the face of the written instrument or if an affidavit is attached to the written instrument setting forth the respective values of the real and personal property. History: 1993, Act 330, Eff. Apr. 1, 1994 ;-- Am. 1994, Act 3, Eff. Mar. 30, 1994 ;-- Am. 1994, Act 224, Eff. July 5, 1994
MI Comp L § 207.527 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.527 - Bankruptcy or Insolvency Proceeding; Exemption From Tax.

207.527 Bankruptcy or insolvency proceeding; exemption from tax. Sec. 7.  A tax is not imposed by this act upon a written instrument that conveys or transfers property or an interest in the property to a receiver, administrator, or trustee, whether special or general, in a bankruptcy or insolvency proceeding. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.528 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.528 - Stamp as Evidence of Tax Payment; Other Methods of Cancellation.

207.528 Stamp as evidence of tax payment; other methods of cancellation. Sec. 8.  (1) Except as provided in section 9, the payment of the tax imposed by this act shall be evidenced by the affixing of a documentary stamp or stamps to each written instrument subject to the tax imposed by this act by the person making, executing, issuing, or delivering the written instrument. The stamp required by this act may also serve as the stamp required under section 7 of Act No. 134 of the Public Acts of 1966, being section 207.507 of the Michigan Compiled Laws. The stamp or stamps required by this section shall be purchased only in the county in which the property is located.  (2) The person using or affixing the stamps shall affix the stamps so that removal requires the continued application of steam or water. The person using or affixing the stamps shall write or stamp on the stamps his or her initials and the date upon which the stamps are affixed or used so that the stamps cannot again be used.  (3) The treasurer may prescribe another method of cancellation as he or she considers appropriate. If the county treasurer is required to utilize a tax meter machine under section 7 of Act No. 134 of the Public Acts of 1966, the tax meter machine shall be used to evidence the payment of the tax imposed by this act. History: 1993, Act 330, Eff. Apr. 1, 1994 ;-- Am. 1994, Act 3, Eff. Mar. 30, 1994 ;-- Am. 1994, Act 255, Imd. Eff. July 5, 1994
MI Comp L § 207.529 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.529 - Stamps; Prescribing and Preparing for Use; Requisition of Stamps by County Treasurer; Use of Tax Meter Machine; Alternative Means.

207.529 Stamps; prescribing and preparing for use; requisition of stamps by county treasurer; use of tax meter machine; alternative means. Sec. 9.  (1) The treasurer shall prescribe and prepare for use by a county treasurer adhesive stamps of the denominations and quantities that are necessary for the payment of the tax imposed by this act and the tax imposed by Act No. 134 of the Public Acts of 1966, being sections 207.501 to 207.513 of the Michigan Compiled Laws. The county treasurer shall requisition the stamps as required.  (2) The treasurer shall prescribe conditions under which a county treasurer may utilize a tax meter machine to evidence the payment of the tax imposed under this act or the tax imposed under Act No. 134 of the Public Acts of 1966. The treasurer shall provide for the use of a tax meter machine or for the sale of the stamps in such places as the treasurer considers necessary.  (3) The treasurer may prescribe alternate means for the county treasurer to evidence the payment of the tax under this act. The treasurer shall provide the alternative means to the county treasurer if alternative means are used to evidence the payment of the tax under this act. History: 1993, Act 330, Eff. Apr. 1, 1994 ;-- Am. 1994, Act 3, Eff. Mar. 30, 1994 ;-- Am. 1994, Act 255, Imd. Eff. July 5, 1994
MI Comp L § 207.530 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.530 - Disposition of Tax.

207.530 Disposition of tax. Sec. 10.  The tax imposed under this act shall be collected by the county treasurer and deposited with the treasurer as provided in this section. By the fifteenth day of each month, the county treasurer shall, on a form prescribed by the treasurer, itemize the tax collected the preceding month and transmit the form and the tax collected to the treasurer. The county treasurer may retain the interest earned on the money collected pursuant to this act while held by the county treasurer, as reimbursement for the costs incurred by the county in collecting and transmitting the tax imposed by this act. The money retained by the county treasurer under this section shall be deposited in the treasury of the county where the tax is collected to the credit of the general fund. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.531 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.531 - Crediting Tax Proceeds.

207.531 Crediting tax proceeds. Sec. 11.  The treasurer shall credit the proceeds of the tax collected by county treasurers under this act to the state treasury to the credit of the state school aid fund established in section 11 of article IX of the state constitution of 1963. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.532 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.532 - Payment of Tax; Written Instruments Not Subject to Tax.

207.532 Payment of tax; written instruments not subject to tax. Sec. 12.  (1) The tax imposed by this act shall be paid only once. A tax shall not be imposed on a written instrument that transfers property if the written instrument is given and the transfer made pursuant to a written executory contract upon which the tax was previously paid. A written instrument that is evidence of indebtedness or of a contract right is subject to the tax imposed by this act only to the extent of the new consideration given for the property. A written instrument that is given to supplement, reform, or correct a prior written instrument is subject to the tax imposed by this act only to the extent of the new consideration given for the property.  (2) A written instrument that would be subject to the tax imposed by this act except for the provisions of this section shall state on its face that the instrument is exempt by reason of the prior payment or partial payment of the tax on another written instrument executed on part of the same transaction and the date of payment. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.533 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.533 - Recording Written Instruments; Stamps Required; Reason for Exemption to Be Stated on Written Instrument; Effect of Noncompliance With Act; Use and Disclosure of Affidavit.

207.533 Recording written instruments; stamps required; reason for exemption to be stated on written instrument; effect of noncompliance with act; use and disclosure of affidavit. Sec. 13.  (1) A written instrument subject to the tax imposed by this act shall not be recorded in the office of the register of deeds of any county of this state unless documentary stamps as required by this act have been purchased at the time of presentation by the party liable for the tax under section 3(2). The stamps shall be affixed to the face of the instrument before recording unless the person specifically requests that the instrument be recorded before the stamps are affixed. If so requested, the stamps may be affixed to the reverse side of the written instrument. However, if it is necessary to record the reverse side of the written instrument, the stamps shall be affixed after recording by the register of deeds. If the written instrument is not subject to the tax, the written instrument shall state on its face the reason for the exemption. A written instrument accepted for recording that does not comply with this act does not affect the validity of the recording as to notice.  (2) An affidavit attached to a written instrument under section 5 shall not be recorded and shall be detached from the written instrument before recording. The affidavit shall be used for auditing purposes only and shall not be disclosed to any other person. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.534 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.534 - Prohibited Conduct; Violation as Misdemeanor.

207.534 Prohibited conduct; violation as misdemeanor. Sec. 14.  (1) A person shall not do any of the following:  (a) Fraudulently cut, tear, or remove a documentary stamp from a written instrument.  (b) Fraudulently affix to a written instrument upon which the tax is imposed by this act any of the following:  (i) A documentary stamp that has been cut, torn, or removed from another written instrument upon which the tax is imposed by this act.  (ii) A documentary stamp of insufficient value.  (iii) A forged or counterfeited stamp.  (iv) An impression of a forged or counterfeited stamp, die, plate, or other article.  (c) Willfully remove or alter the cancellation marks of a documentary stamp, restore a documentary stamp with the intent to use or cause the same to be used after it has already been used, knowingly buy, sell, offer for sale, or give away an altered or restored stamp to a person for use, or knowingly use an altered or restored stamp.  (d) Knowingly or willfully prepare, keep, sell, offer for sale, or have in his or her possession a forged or counterfeited documentary stamp.  (e) Knowingly or willfully issue a false or fraudulent affidavit described in section 5.  (2) A person who violates this section is guilty of a misdemeanor, punishable by imprisonment for not more than 1 year or a fine of not more than $500.00, or both. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.535 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.535 - Tax in Addition to and Collected With Tax Imposed Under MCL 207.501 to 207.513.

207.535 Tax in addition to and collected with tax imposed under MCL 207.501 to 207.513. Sec. 15.  The tax imposed under this act is in addition to and may be collected with the tax imposed under Act No. 134 of the Public Acts of 1966, being sections 207.501 to 207.513 of the Michigan Compiled Laws. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.536 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.536 - Administration of Act.

207.536 Administration of act. Sec. 16.  This act shall be administered by the revenue division of the department of treasury under Act No. 122 of the Public Acts of 1941, being sections 205.1 to 205.31 of the Michigan Compiled Laws. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.537 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 330 of 1993 - State Real Estate Transfer Tax Act (207.521 - 207.537)|Section 207.537 - Conditional Effective Date.

207.537 Conditional effective date. Sec. 17.  This act shall not take effect unless Senate Joint Resolution S is submitted to the voters and the following bills are enacted into law:  (a) House Bill No. 5109.  (b) House Bill No. 5116.  (c) House Bill No. 5009.  (d) House Bill No. 5010.  (e) House Bill No. 5118.  (f) House Bill No. 5097.  (g) House Bill No. 5123.  (h) House Bill No. 4279.  (i) House Bill No. 5102.  (j) House Bill No. 5103.  (k) House Bill No. 5104.  (l) House Bill No. 5106.  (m) House Bill No. 5111.  (n) House Bill No. 5115.  (o) House Bill No. 5112.  (p) House Bill No. 5120.  (q) House Bill No. 5129.  (r) House Bill No. 5224. History: 1993, Act 330, Eff. Apr. 1, 1994
MI Comp L § 207.551 (2021)
2021 Michigan Compiled Laws|Chapter 207 - Taxation|Act 198 of 1974 - Plant Rehabilitation and Industrial Development Districts (207.551 - 207.572)|Section 207.551 - Meanings of Certain Words and Phrases.

207.551 Meanings of certain words and phrases. Sec. 1.  The words and phrases defined in sections 2 and 3 have the meanings respectively ascribed to them for the purposes of this act. History: 1974, Act 198, Imd. Eff. July 9, 1974 Compiler's Notes: For transfer of powers and duties of department of commerce under Act 198 of 1974 to the chief executive officer of the Michigan jobs commission, see E.R.O. No. 1994-8, compiled at MCL 408.47 of the Michigan Compiled Laws.Popular Name: Act 198