Introduced
by
To revise the taxation of “non-ferrous” mines (including new copper and other mineral mines in the Upper Peninsula). The bill is part of a package that would exempt these mines from property, income, sales and use taxes, and instead levy a “severance tax” on them based on the amount of material extracted. Various credits would be allowed against pre-operational start-up costs, including regulatory compliance costs. Most of the tax revenue would go to the local government, but some would go to a new state “rural development fund”.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To clarify that this new tax regime would not apply to the following other minerals: gypsum, lime, limestone,salt, dolomite, basalt, granite, sandstone, shale, clay, stone, gravel, marl, peat, sand, gemstones, coal, substances extracted from potable water or brine, or substances extracted from oil or natural gas.
The amendment passed by voice vote
Amendment offered
by
To strip out a provision that includes in the new tax regime (including its property tax exemption) property on which the ore is processed.
The amendment failed by voice vote
Amendment offered
by
To limit including "buffer lands" around the mind in the proposed tax regime (including its property tax exemption), by limiting these to contiguous land within one-quarter mile of the mine.
The amendment failed by voice vote
Amendment offered
by
To give a portion portion of the proposed new tax to local school districts.
The amendment failed by voice vote
Amendment offered
by
To give 80 percent of the revenue from the proposed tax to local governments (instead of 65 percent), with the rest going to the state school aid fund instead of into a government "rural development fund" proposed as part of this legislative package.
The amendment failed by voice vote
Passed in the House 62 to 45 (details)
Referred to the Committee on Economic Development
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 26 to 12 (details)
To revise the taxation of “non-ferrous” mines (including new copper and other mineral mines in the Upper Peninsula). The bill is part of a package that would exempt these mines from property, income, sales and use taxes, and instead levy a “severance tax” on them based on the amount of material extracted. Various credits would be allowed against pre-operational start-up costs, including regulatory compliance costs. Most of the tax revenue would go to the local government, but some would go to a new state “rural development fund”.
Passed in the House 67 to 38 (details)
To concur with the Senate-passed version of the bill.
