Michigan Compiled Laws Act 48 Of 1929 Severance Tax On Oil Or Gas (205.301 - 205.317)

AN ACT levying a specific tax to be known as the severance tax upon all producers engaged in the business of severing oil and gas from the soil; prescribing the method of collecting the tax; requiring all producers of such products or purchasers thereof to make reports; to provide penalties; to provide exemptions and refunds; to prescribe the disposition of the funds so collected; and to exempt those paying such specific tax from certain other taxes.

History: 1929, Act 48, Eff. Aug. 28, 1929 ;-- Am. 1965, Act 299, Imd. Eff. July 22, 1965

Section 205.301 Severance Tax On Oil Or Gas.
There is hereby levied upon each producer engaged in the business of severing from the soil, oil or gas, a specific tax to be...
Section 205.302 Monthly Reports; Contents, Form.
(1) Every corporation, association, person, common carrier, pipe line company or common purchaser, who shall receive or purchase or transport any such oil or...
Section 205.303 Severance Tax; Rate; Computing Value Of Production; Payment; Lien; Withholding; Deduction; Reimbursement; Exception; Carbon Dioxide Secondary Or Enhanced Recovery Projects.
(1) Except as provided in subsections (2), (3), and (4), the severance tax required to be paid by each producer at the time of...
Section 205.304 Production Record, Keeping, Open To Inspection; Penalty.
Each corporation, association or person mentioned and included in sections 1 and 2 of this act shall make, keep and preserve a full and...
Section 205.305 Report, Contents.
In each report required to be made by this act, such corporation, association or person making the same shall show in detail the disposition...
Section 205.306 Administration Of Tax; Conflicting Provisions; Rules; Statute Of Limitations; Assignment Of Claim Against State Prohibited.
(1) The tax imposed by this act shall be administered by the revenue commissioner of the department of treasury, under Act No. 122 of...
Section 205.307-205.309 Repealed. 1980, Act 166, Eff. Sept. 17, 1980.
Compiler's Notes: The repealed sections pertained to failure to file return, report, or remittance, and to liens.
Section 205.310 Injunction.
Upon a bill being filed under the direction of the attorney general in the circuit court for the county of Ingham, that court shall...
Section 205.311 “oil” And “gas” Defined.
(1) The word “oil” as used in this act means petroleum oil, mineral oil, or other oil taken from the earth. (2) “Gas” as...
Section 205.311a "Carbon Dioxide Secondary Or Enhanced Recovery Project" Defined.
As used in this act, "carbon dioxide secondary or enhanced recovery project" means operations designed to increase the amount of oil or gas recoverable...
Section 205.312 “person” And “producer” Defined.
(1) “Person” as used in this act shall include any person, firm, concern, receiver, receivers, trustee, executor, administrator, agent, institution, association, partnership, company, corporations,...
Section 205.313 Receipt; Contents.
Any corporation, association or person paying any tax, penalty or cost under the provisions of this act, to the state tax commission shall be...
Section 205.314 Taxes To Accompany Report; Disposition Of Taxes, Penalties, And Costs; Payment Of Credits For Heating Fuel Costs.
(1) All taxes shall accompany the report provided for in section 2. Except as provided in subsection (2), all taxes, penalties, or costs paid...
Section 205.315 In Lieu Of Other Taxes; Exceptions.
The severance tax herein provided for shall be in lieu of all other taxes, state or local, upon the oil or gas, the property...
Section 205.316 Repealed. 1980, Act 166, Eff. Sept. 17, 1980.
Compiler's Notes: The repealed section pertained to overpayments.
Section 205.317 Information As To Production; Availability, Conditions.
The department of revenue may provide information to any person as to the quantities of oil or gas purchased or reported when the department...

Last modified: October 10, 2016