Search results
Results from the WOW.Com Content Network
The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan.The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguards the credit of the state, and distributes revenue sharing monies to local units of government.
A flip tax is a fee paid by a seller or buyer on a housing co-op transaction, typically in New York City. It is not a tax and is not deductible as a property tax . It is a transfer fee, payable upon the sale of an apartment to the co-op.
Cooperative corporations are formed to provide some mutual benefit for their members, and because of this, the Congress of the United States beginning in 1951 has allowed them a deduction from their income for "patronage dividends."
As part of the creation of MAC, the state passed legislation that converted the city’s sales and stock transfer taxes into state taxes. [3] In 2008, having sold almost $10 billion in bonds to keep the city solvent through its worst fiscal crisis, MAC settled its final accounts and voted itself out of existence.
As of 2021, the program has been extremely successful, with 90 percent of HDFCs thriving. The HDFCs get a small tax break from the city, but otherwise shareholders are 100 percent responsible for all repairs and upkeep of the buildings—roof, boilers, steps, water and so on—similar to a regular coop or condo. [6]
Khouri was born around 1957 in Burton, Michigan, where he was also raised. [1] He graduated from Kearsley High School in Genesee Township, Michigan in 1975. [2] Khouri earned a Bachelor of Arts degree in economics from the University of Michigan and a Master of Arts in the same subject from Michigan State University.
Co-op City (short for Cooperative City) is a cooperative housing development located in the northeast section of the borough of the Bronx in New York City. It is bounded by Interstate 95 to the southwest, west, and north and the Hutchinson River Parkway to the east and southeast, and is partially in the Baychester and Eastchester neighborhoods.
Robert J. Kleine was the 43rd State Treasurer of Michigan, serving from 2006 to 2010. He was appointed to his position effective April 9, 2006, by Governor Jennifer M. Granholm . Born in Washington, D.C. , on November 8, 1941, [ citation needed ] Kleine earned an economics degree from Western Maryland College (now McDaniel College ) and a ...