U.P. mines spark debate on taxes

The U.P. is home to what seems to be a mining boom, but that brings up issues of how mines are taxed, and where that money should go, at the state level.

Excerpt: Critics -- and even a key state agency -- say the state isn't getting enough in exchange for the wealth of minerals about to be extracted from the Upper Peninsula.

The state has no severance tax on minerals, as it does on oil, gas and iron mines. The tax is a way to repay Michigan citizens for the value of underground resources removed forever from the state.

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Source: The Detroit Free Press
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