Where tax money from mines should go, how much should be given to local towns or the state, and the structure of mine taxes are all under discussion and close to the hearts of many in the U.P.
Excerpt: Gov. Rick Snyder’s administration is proposing a severance tax for nonferrous mining operations to replace other taxes they would pay under existing law, an official said Friday.
Under the plan, a 3 percent tax would be levied on the value of minerals removed from the ground, said Keith Creagh, director of the Michigan Department of Agriculture and Rural Development.
For the whole story, go
here.
Source: Sault Ste. Marie Evening News
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.