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MI HB6011
Bill
Status
12/27/2012
Primary Sponsor
Matt Huuki
Click for details
AI Summary
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Adds section 4aa to 1937 PA 94 to exempt tangible personal property used as or at mineral-producing property from state use tax
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Limits the exemption to the percentage of property actually used for exempt purposes, determined by a formula or method approved by the Department of Treasury
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Defines "mineral-producing property" and "taxpayer" by reference to definitions in the nonferrous metallic minerals extraction severance tax act
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Takes effect December 20, 2012, but only if House Bill No. 6008 of the 96th Legislature is enacted into law
Legislative Description
Use tax; exemptions; tax exemption for certain mining property; provide for. Amends 1937 PA 94 (MCL 205.91 - 205.111) by adding sec. 4aa. TIE BAR WITH: HB 6008'12
Use tax, exemptions
Last Action
Assigned Pa 413'12 With Immediate Effect
12/27/2012