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2017 Michigan Compiled Laws
Chapter 211 - Taxation of Real and Personal Property
Act 410 of 2012 NONFERROUS METALLIC MINERALS EXTRACTION SEVERANCE TAX ACT (211.781 - 211.791)
Section 211.783 Mineral and right, claim, lease, or option; tax exemption; shaft, incline, adit, or value of overburden stripping at open mine; tax exemption.
Universal Citation: MI Comp L § 211.783 (2017)
211.783 Mineral and right, claim, lease, or option; tax exemption; shaft, incline, adit, or value of overburden stripping at open mine; tax exemption.
Sec. 3.
Beginning December 31, 2012, any mineral and any right, claim, lease, or option in or of any mineral is exempt and any shaft, incline, adit, or value of overburden stripping located at an open mine is exempt under section 7pp of the general property tax act, 1893 PA 206, MCL 211.7pp.
History: 2012, Act 410, Imd. Eff. Dec. 20, 2012
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