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2012 House Bill 6007: Establish new “non-ferrous” mine taxation regime

Public Act 409 of 2012

Introduced by Rep. Matt Huuki R-Atlantic Mine on November 8, 2012
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.   Official Text and Analysis.
Referred to the House Tax Policy Committee on November 8, 2012
Reported in the House on November 27, 2012
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on November 28, 2012
The substitute passed by voice vote in the House on November 28, 2012
Received in the Senate on November 29, 2012
Referred to the Senate Economic Development Committee on November 29, 2012
Reported in the Senate on December 6, 2012
With the recommendation that the bill pass.
Substitute offered in the Senate on December 13, 2012
The substitute passed by voice vote in the Senate on December 13, 2012
Received in the House on December 13, 2012
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on December 20, 2012