Fannie Mae, Freddie Mac Exempt From Michigan Transfer Tax
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Fannie Mae and Freddie Mac are exempt from Michigan state and local real estate transfer taxes, a U.S. appeals court ruled, overturning a lower-court decision.
The government-owned home-mortgage finance companies were sued by Oakland County, Michigan, which argued that a congressionally authorized exemption from “all taxation” didn’t apply to state and county real estate transfer levies.