2010 Michigan Compiled Laws
Chapter 207 - TAXATION
Act 68 of 1963 - IRON ORE TAX (207.271 - 207.279)

IRON ORE TAX
Act 68 of 1963
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.
• Section 207.272 - Specific taxation of underground beneficiated iron ore; computation formula; following completion of first agglomerating facility.
• Section 207.273 - Specific taxation of underground beneficiated iron ore; computation of tax prior to completion of agglomerating or beneficiating facility.
• Section 207.274 - Minimum tax.
• Section 207.275 - State geologist; determination of tax, apportionment among taxing districts.
• Section 207.276 - Curtailment and resumption of agglomeration or beneficiation.
• Section 207.277 - Separate roll; spread of tax; nonpayment; distribution of collections.
• Section 207.278 - Appeal.
• Section 207.279 - Specific taxes in lieu of ad valorem taxes.