Bill Text: MI HB6010 | 2011-2012 | 96th Legislature | Engrossed
Bill Title: 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
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-12-27 - Assigned Pa 412'12 With Immediate Effect [HB6010 Detail]
Download: Michigan-2011-HB6010-Engrossed.html
HB-6010, As Passed House, November 29, 2012
SUBSTITUTE FOR
HOUSE BILL NO. 6010
A bill to amend 1933 PA 167, entitled
"General sales tax act,"
(MCL 205.51 to 205.78) by adding section 4dd.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4dd. (1) Subject to subsection (2), a person subject to
the tax under this act may exclude from the gross proceeds used for
the computation of the tax the sale of tangible personal property
to a qualified taxpayer for use at a producing mine or at a
facility where beneficiation of minerals occur.
(2) The property under subsection (1) is exempt only to the
extent that the property is used for the exempt purposes stated in
this section. The exemption is limited to the percentage of exempt
use to total use determined by a reasonable formula or method
approved by the department.
(3) As used in this section:
(a) "Beneficiation", "mineral", "producing mine", and
"taxpayer" mean those terms as defined in section 2 of the
nonferrous metallic minerals extraction severance tax act.
(b) "Qualified taxpayer" means a taxpayer that purchases
tangible personal property for use at a producing mine or at a
facility where beneficiation of minerals occur.
Enacting section 1. This amendatory act does not take effect
unless House Bill No. 6008 of the 96th Legislature is enacted into
law.
