Michigan § 207.274 Minimum tax.

Michigan Statutes

§ 207.274 — Minimum tax.

Michigan § 207.274

Ch. 207TAXATION

Act 68 of 1963IRON ORE TAX (207.271-207.279)

This text of Michigan § 207.274 (Minimum tax.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 207.274 (2026).

Text

IRON ORE TAX (EXCERPT) Act 68 of 1963 207.274 Minimum tax. Sec.

4.During the first year in which any property is subject to a specific tax under this act, the amount of the tax shall be not less than 75% of the ad valorem taxes levied and assessed against the property in the last year in which ad valorem taxes were levied and assessed against it; and during the second year in which the property is subject to the specific tax, the amount of tax shall be not less than 50% of the ad valorem taxes.

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IRON ORE TAX (EXCERPT) Act 68 of 1963 207.274 Minimum tax. Sec. 4. During the first year in which any property is subject to a specific tax under this act, the amount of the tax shall be not less than 75% of the ad valorem taxes levied and assessed against the property in the last year in which ad valorem taxes were levied and assessed against it; and during the second year in which the property is subject to the specific tax, the amount of tax shall be not less than 50% of the ad valorem taxes.