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2006 Michigan Compiled Laws - Act 48 of 1929


SEVERANCE TAX ON OIL OR GAS

Act 48 of 1929

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




The People of the State of Michigan enact:

DocumentDescription
Section 205.301Severance tax on oil or gas.
Section 205.302Monthly reports; contents, form.
Section 205.303Severance tax; rate; computing value of production; payment; lien; withholding; deduction; reimbursement; exception.
Section 205.304Production record, keeping, open to inspection; penalty.
Section 205.305Report, contents.
Section 205.306Administration of tax; conflicting provisions; rules; statute of limitations; assignment of claim against state prohibited.
Section 205.307-205.309Repealed. 1980, Act 166, Eff. Sept. 17, 1980.
Section 205.310Injunction.
Section 205.311"Oil" and "gas" defined.
Section 205.312"Person" and "producer" defined.
Section 205.313Receipt; contents.
Section 205.314Taxes to accompany report; disposition of taxes, penalties, and costs; payment of credits for heating fuel costs.
Section 205.315In lieu of other taxes; exceptions.
Section 205.316Repealed. 1980, Act 166, Eff. Sept. 17, 1980.
Section 205.317Information as to production; availability, conditions.

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