Michigan Laws > Chapter 211 > Act 77 of 1951 – Tax On Low Grade Iron Ore


§ 211.621	Definitions
§ 211.622	Specific tax on mining property before production of ore or construction of plants
§ 211.623	Specific tax on mining property after production of ore; determination of mine value; “lower lake price” defined
§ 211.624	Minimum specific tax; entering land descriptions on separate roll; spreading and collecting specific tax; return and sale of property for nonpayment of taxes; valuation; property located in more than
§ 211.625	Purpose of act
§ 211.626	Appropriation; purpose

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Low grade iron ore: means iron-bearing rock, also known as iron formation, jasper, ferruginous chert, or ferruginous slate, that is not merchantable as ore in its natural state and from which a merchantable product can be produced only by beneficiation or treatment involving fine grinding. See Michigan Laws 211.621
Low grade iron ore mining property: means mineral bearing land from which low grade iron ore is mined, and includes the beneficiation or treatment plants, and other necessary land, buildings, facilities, equipment, tools, and supplies used in connection with the mining, transportation, and beneficiation or treatment of the low grade iron ore in producing merchantable iron ore pellets or other concentrated or agglomerated products. See Michigan Laws 211.621
Personal property: All property that is not real property.
United States: shall be construed to include the district and territories. See Michigan Laws 8.3o