Michigan § 390.1486 Contributions and interest earned as tax exempt; withdrawals as taxable.

Michigan Statutes

§ 390.1486 — Contributions and interest earned as tax exempt; withdrawals as taxable.

Michigan § 390.1486

Ch. 390UNIVERSITIES AND COLLEGES

Act 161 of 2000MICHIGAN EDUCATION SAVINGS PROGRAM ACT (390.1471-390.1486)

This text of Michigan § 390.1486 (Contributions and interest earned as tax exempt; withdrawals as taxable.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.1486 (2026).

Text

MICHIGAN EDUCATION SAVINGS PROGRAM ACT (EXCERPT) Act 161 of 2000 390.1486 Contributions and interest earned as tax exempt; withdrawals as taxable. Sec. 16.

(1)Contributions to and interest earned on an education savings account are exempt from taxation as provided in section 30 of the income tax act of 1967, 1967 PA 281, MCL 206.30.

(2)Withdrawals made from education savings accounts are taxable as provided in section 30 of the income tax act of 1967, 1967 PA 281, MCL 206.30.

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MICHIGAN EDUCATION SAVINGS PROGRAM ACT (EXCERPT) Act 161 of 2000 390.1486 Contributions and interest earned as tax exempt; withdrawals as taxable. Sec. 16. (1) Contributions to and interest earned on an education savings account are exempt from taxation as provided in section 30 of the income tax act of 1967, 1967 PA 281, MCL 206.30. (2) Withdrawals made from education savings accounts are taxable as provided in section 30 of the income tax act of 1967, 1967 PA 281, MCL 206.30.