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60 chapters · 469 sections in this title.
Mich. Comp. Laws § 211.781 Short title.
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Sec. 1. This act shall be known and may be cited as the "nonferrous metallic minerals extraction severance tax act".
Mich. Comp. Laws § 211.782 Definitions.
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Sec. 2. As used in this act: (a) "Beneficiation" means milling, processing, grinding, separating, concentrating, pelletizing, and other processes necessary to prepare nonferrous metallic mineral ore for sale or transfer. (b) "Department" means the department of treasury. (c) "Min…
Mich. Comp. Laws § 211.783 Mineral and right, claim, lease, or option; tax exemption; shaft, incline, adit, or value of overburden stripping at open mine; tax exemption.
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Sec. 3. Beginning December 31, 2012, any mineral and any right, claim, lease, or option in or of any mineral is exempt and any shaft, incline, adit, or value of overburden stripping located at an open mine is exempt under section 7pp of the general property tax act, 1893 PA 206, …
Mich. Comp. Laws § 211.784 Minerals severance tax; levy; other tax exemptions; rate; computation of taxable mineral value; payment; transfer or purchase of mineral; tax credit for open mines opened between January 1, 2011 and June 30, 2013; first year of tax levy.
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Sec. 4. (1) The minerals severance tax is levied on taxable minerals that a taxpayer extracts from the earth in this state or that a taxpayer beneficiates in this state. A mineral extracted from the earth in this state by a taxpayer which is shipped outside this state for benefic…