Michigan Laws 211.785 – Preparation and submission of report by taxpayer
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Terms Used In Michigan Laws 211.785
- Department: means the department of treasury. See Michigan Laws 211.782
- Mineral: means a naturally occurring solid substance that is extracted from the earth in this state primarily for its nonferrous metallic mineral content for commercial, industrial, or construction purposes. See Michigan Laws 211.782
- Taxpayer: means a person subject to a specific tax levied under this act. See Michigan Laws 211.782
Each year, a taxpayer shall prepare and submit to the department and to the local tax collecting unit a report in the time, form, and manner required by the department, showing the total amount of minerals sold, transferred, or beneficiated during the preceding year, the taxable mineral value of the minerals sold, transferred, or beneficiated, and any other information required by the department for valuation purposes.