Michigan Compiled Laws Act 68 Of 1963 Iron Ore Tax (207.271 - 207.279)

AN ACT providing for the specific taxation of underground beneficiated iron ore, underground agglomerated iron ore and related property; to provide for the collection and distribution of the specific tax; and to prescribe the powers and duties of the state geologist and certain township and city officials with respect thereto.

History: 1963, Act 68, Eff. Sept. 6, 1963

Section 207.271 Specific Taxation Of Underground Beneficiated Iron Ore; Definitions.
As used in this act: (a) “Underground ore” means iron ore in its natural state which to be mined must be removed through a...
Section 207.272 Specific Taxation Of Underground Beneficiated Iron Ore; Computation Formula; Following Completion Of First Agglomerating Facility.
(1) Beginning with the first full calendar year following the completion, after the effective date of this act, of the first local agglomerating facility,...
Section 207.273 Specific Taxation Of Underground Beneficiated Iron Ore; Computation Of Tax Prior To Completion Of Agglomerating Or Beneficiating Facility.
(1) Prior to the first full calendar year following the completion of an ore property, the underground ore from which will be agglomerated or...
Section 207.274 Minimum Tax.
During the first year in which any property is subject to a specific tax under this act, the amount of the tax shall be...
Section 207.275 State Geologist; Determination Of Tax, Apportionment Among Taxing Districts.
The state geologist or his duly authorized deputy shall determine the specific tax imposed against an ore property, beneficiating facility or agglomerating facility, and...
Section 207.276 Curtailment And Resumption Of Agglomeration Or Beneficiation.
Whenever any ore property subject to a specific tax under subdivisions (a), (b), (c) or (d) of subsection (1) of section 2 of this...
Section 207.277 Separate Roll; Spread Of Tax; Nonpayment; Distribution Of Collections.
The township supervisor or assessing officer of the city shall remove from the list of land descriptions assessed and taxed under the general property...
Section 207.278 Appeal.
The supervisor or other local assessing officer or the owner or operator of the property taxed under the provisions of this act may take...
Section 207.279 Specific Taxes In Lieu Of Ad Valorem Taxes.
The specific taxes provided for in this act shall be in lieu of all ad valorem taxes upon the property to which the specific...

Last modified: October 10, 2016