In Michigan, a common misconception occurs when 501(c)(3) nonprofit corporations buy and sell real property. While nonprofit 501(c)(3) corporations can be exempt from paying real property taxes while retaining title to and occupying real property in Michigan, they can be subject to a real property transfer tax at the time title to its property is…Read More
Nonprofits and Michigan Real Property Transfer Taxes
Posted on May 22, 2012 in Health Law News
Written by: Nancy J. Yucha