Bill Text: MI HB6011 | 2011-2012 | 96th Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Engrossed.html

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HB-6011, As Passed House, November 29, 2012

 

 

 

 

 

 

 

 

 

SUBSTITUTE FOR

 

HOUSE BILL NO. 6011

 

 

 

 

 

 

 

 

 

 

 

     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 or at a facility where beneficiation of minerals

 

occurs.

 

     (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 occurs.

 

     Enacting section 1. This amendatory act does not take effect

 

unless House Bill No. 6008 of the 96th Legislature is enacted into

 

law.