2012 House Bill 6007 ↩

Senate Roll Call 988: Passed

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. This bill contains the property tax exemption, and House Bill 6008 the new tax.