Bill Text: MI HB6011 | 2011-2012 | 96th Legislature | Introduced
Bill Title: 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
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-12-27 - Assigned Pa 413'12 With Immediate Effect [HB6011 Detail]
Download: Michigan-2011-HB6011-Introduced.html
HOUSE BILL No. 6011
November 8, 2012, Introduced by Rep. Huuki and referred to the Committee on Tax Policy.
A bill to amend 1937 PA 94, entitled
"Use tax act,"
(MCL 205.91 to 205.111) by adding section 4aa.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 4aa. (1) Subject to subsection (2), the tax under this
act does not apply to the storage, use, or consumption of tangible
personal property sold to a qualified taxpayer for use at a
producing mine.
(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) "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.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. ____ or House Bill No. 6008(request no.
02659'11 ***) of the 96th Legislature is enacted into law.
