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MI HB6010

Bill

Official Source

Status

Passed

12/27/2012

Primary Sponsor

Matt Huuki

Click for details

Origin

House of Representatives

96th Legislature

AI Summary

  • Allows persons subject to sales tax to exclude from gross proceeds the sale of tangible personal property used as or at mineral-producing property
  • Exemption applies only to the percentage of property actually used for exempt purposes, determined by a formula or method approved by the department
  • Defines "mineral-producing property" and "taxpayer" by reference to the nonferrous metallic minerals extraction severance tax act
  • Effective December 20, 2012, contingent on enactment of House Bill 6008
  • Amends the 1933 Public Act 167 sales tax law by adding section 4dd

Legislative Description

Sales tax; exemptions; tax exemption for certain mining property; provide for. Amends 1933 PA 167 (MCL 205.51 - 205.78) by adding sec. 4dd. TIE BAR WITH: HB 6008'12

Sales tax, exemptions

Last Action

Assigned Pa 412'12 With Immediate Effect

12/27/2012

Committee Referrals

Economic Development11/29/2012
Tax Policy11/8/2012

Full Bill Text

No bill text available