PocketLaw | Michigan Compiled Laws | 410 of 2012 - Nonferrous Metallic

410 of 2012 - Nonferrous Metallic Minerals Extraction Severance Tax Act (211.781 - 211.791)

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Section
211.781

Short Title.

Section
211.782

Definitions.

Section
211.783

Mineral and Right, Claim, Lease, or Option; Tax Exemption; Shaft, Incline, Adit, or Value of Overburden Stripping at Open Mine; Tax Exemption.

Section
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.

Section
211.785

Preparation and Submission of Report by Taxpayer.

Section
211.786

Mineral-Producing Property; Determination by Department; Notification That Property No Longer Mineral-Producing Property; Notification; List to Be Provided by State Geologist; Notice of Ceased Operations.

Section
211.787

Record to Be Prepared, Kept, and Preserved by Taxpayer; Inspection; Publication of Value of All Minerals.

Section
211.788

Rules.

Section
211.789

Minerals Severance Tax; Allocation by Department; Collection by Local Tax Collecting Unit; Distribution; Report of Collections and Distributions; Remittance of Portion to Department for Deposit in Rural Development Fund; Modification So That Distributions to School Districts, This State, and Local Governmental Units Not Reduced; Provisions Applicable to Open Mines Opened Between January 1, 2011 and June 30, 2013.

Section
211.790

Restraining Order.

Section
211.791

Administration of Tax by Department.