(a)
A written instrument in which the value of the consideration
is less than $100.00.
(b)
A written instrument evidencing a contract or transfer that
is not to be performed wholly within this state only to the
extent the written instrument includes land lying outside of
the state.
(c)
A written instrument that this state is prohibited from taxing
under the United States constitution or federal statutes.
(d)
A written instrument given as security or an assignment or
discharge of the security interest.
(e)
A written instrument evidencing a lease, including oil and
gas lease, or transfer of a leasehold interest.
(f)
A written instrument evidencing an interest that is assessable
as personal property.
(g)
A written instrument evidencing the transfer of a right and
interest for underground gas storage purposes.
(h)
Any of the following written instruments:
(i)
A written instrument in which the grantor is the United States,
this state, a political subdivision or municipality of this
state, or an officer of the United States, or this state,
or a political subdivision or municipality of this state acting in his or
her official capacity.
(ii)
A written instrument given in lieu of foreclosure of a loan
made, guaranteed or insured by the United States, the state,
a political subdivision or municipality of this state, or an
officer of the United States, or this state, a political subdivision
or municipality of this state acting in his or her official
capacity.
(iii)
A written instrument given to the United States, the state,
or one of their officers acting in an official capacity
as grantee, pursuant to the terms of guarantee or insurance
of a loan guaranteed or insured by the grantee.
(i)
A conveyance from a husband or wife or husband and wife. creating
or disjoining a tenancy by the entireties in the grantors or
the grantor and his or her spouse.
(j)
A conveyance from a mother or father to a son or daughter or
stepchild or adopted child.
(k)
A conveyance from a grandmother or grandfather to a grandchild
or step-grandchild or adopted grandchild.
(l) A judgment or order of the court of record making or ordering a transfer,
unless a specific monetary consideration is specified or ordered by the court
for the transfer.
(m) A written instrument used to straighten boundary lines if no monetary
consideration is given.
(n) A written instrument to confirm title already vested in a grantee, including
a quitclaim deed to correct a flaw in title.
(o) A land contract in which the legal title does not pass to the grantee
until the total consideration specified in the contact has been paid.
(p) A written instrument evidencing the transfer of mineral rights and interests.
(q) A written instrument creating a joint tenancy between 2 or more persons
if at least 1 of the persons already owns the property.
(r) A transfer made pursuant to a bona fide sales agreement made before the
date the tax is imposed under sections 3 and 4, if the sales agreement
cannot be withdrawn or altered, or contains a fixed price not subject
to change or modification. However, a sales agreement for residential
construction may be adjusted up to 15% to reflect changes in construction
specifications.
(s) A written instrument evidencing a contract or transfer of property to
a person sufficiently related to the transferor to be considered a single
employer with the transferor under section 414(b) or (c) of the internal
revenue code of 1986, 26U.S.C.414.
(t) A written instrument conveying an interest in homestead property for
which a homestead exemption is claimed under either the school code of 1976,
Act No. 451 of the Public Acts of 1976, being sections 380.1 to 380.1852
of the Michigan Compiled Laws or the state education tax act, Act no. 331
of the Public Acts of 1993, being sections 211.901 to 211.906 of the Michigan
Compiled Laws, if the state equalized valuation of that homestead property
is equal to or lesser than the state equalized valuation on the date of purchase
or on the date of acquisition by the seller or transferor for the same interest
in property. If after an exemption is claimed under this subsection, the
sale or transfer of homestead property is found by the treasurer to be at
a value other than the true cash value, then a penalty equal to 20% of the
tax shall be assessed in addition to the tax due under this act to the seller
or transferor.
(u) A written instrument transferring an interest in property pursuant to
a foreclosure of a mortgage including a written instrument given in lieu
of foreclosure of a mortgage. This exemption does not apply to a subsequent
transfer of the foreclosed property by the entity that foreclosed on the
mortgage.
(v)
A written instrument conveying an interest from a religious
society in property exempt from the collection of taxes under
Section 7s of the general property tax act, 1983 PA 206, MCL
211.7s, to a religious society if that property continues to
be exempt from the collection of taxes under Section 7s of
the general property tax act, 1893 PA 206, MCL 211.7s.
