Michigan Laws 211.787 – Record to be prepared, kept, and preserved by taxpayer; inspection; publication of value of all minerals
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Terms Used In Michigan Laws 211.787
- Department: means the department of treasury. See Michigan Laws 211.782
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- Taxpayer: means a person subject to a specific tax levied under this act. See Michigan Laws 211.782
(1) Each taxpayer shall prepare, keep, and preserve a full and complete record for each tax year of all minerals extracted from the earth in this state or beneficiated in this state, and that record shall be open at all times to the inspection of the department.
(2) Annually, the department shall publish the value of all minerals reported under this act.