Michigan Laws 205.301 – Severance tax on oil or gas
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Terms Used In Michigan Laws 205.301
- Gas: as used in this act does not include methane gas extracted from a landfill. See Michigan Laws 205.311
- oil: as used in this act means petroleum oil, mineral oil, or other oil taken from the earth. See Michigan Laws 205.311
- Producer: as used in this act means a person who owns, or is entitled to delivery of a share in kind or a share of the monetary proceeds from the sale of, gas or oil as of the time of its production or severance. See Michigan Laws 205.312
There is hereby levied upon each producer engaged in the business of severing from the soil, oil or gas, a specific tax to be known as the severance tax.