Michigan Compiled Laws Act 410 Of 2012 Nonferrous Metallic Minerals Extraction Severance Tax Act (211.781 - 211.791)

AN ACT to levy specific taxes on certain nonferrous metallic minerals on certain taxpayers in this state; to provide for the levy, collection, and administration of the specific tax; to provide certain reporting requirements; to provide for certain penalties; to provide certain exemptions, credits, and refunds; and to provide for the distribution of the specific tax.

History: 2012, Act 410, Imd. Eff. Dec. 20, 2012

Section 211.781 Short Title.
This act shall be known and may be cited as the "nonferrous metallic minerals extraction severance tax act". History: 2012, Act 410, Imd. Eff....
Section 211.782 Definitions.
As used in this act: (a) "Beneficiation" means milling, processing, grinding, separating, concentrating, pelletizing, and other processes necessary to prepare nonferrous metallic mineral ore...
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.
Beginning December 31, 2012, any mineral and any right, claim, lease, or option in or of any mineral is exempt and any shaft, incline,...
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.
(1) The minerals severance tax is levied on taxable minerals that a taxpayer extracts from the earth in this state or that a taxpayer...
Section 211.785 Preparation And Submission Of Report By Taxpayer.
Each year, a taxpayer shall prepare and submit to the department and to the local tax collecting unit a report in the time, form,...
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.
(1) The department shall determine when property is classified under this act as mineral-producing property. A taxpayer shall notify the department within 30 days...
Section 211.787 Record To Be Prepared, Kept, And Preserved By Taxpayer; Inspection; Publication Of Value Of All Minerals.
(1) Each taxpayer shall prepare, keep, and preserve a full and complete record for each tax year of all minerals extracted from the earth...
Section 211.788 Rules.
The department may promulgate rules to implement this act pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328....
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.
(1) The department shall allocate the minerals severance tax and the local tax collecting unit shall collect the minerals severance tax as provided in...
Section 211.790 Restraining Order.
Unless the minerals severance tax is being contested as provided by law, upon an action being filed under the direction of the attorney general...
Section 211.791 Administration Of Tax By Department.
The minerals severance tax levied under this act shall be administered by the department. History: 2012, Act 410, Imd. Eff. Dec. 20, 2012

Last modified: October 10, 2016