SENATE BILL No. 33

January 30, 2001, Introduced by Senators NORTH, GOSCHKA, BULLARD and SHUGARS

and referred to the Committee on Finance.

A bill to amend 1929 PA 48, entitled

"An act levying a specific tax to be known as the severance tax

upon all producers engaged in the business of severing oil and

gas from the soil; prescribing the method of collecting the tax;

requiring all producers of such products or purchasers thereof to

make reports; to provide penalties; to provide exemptions and

refunds; to prescribe the disposition of the funds so collected;

and to exempt those paying such specific tax from certain other

taxes,"

(MCL 205.301 to 205.317) by adding section 14a.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 SEC. 14A. THE REVENUE DESCRIBED IN SECTION 14(B) SHALL BE

2 DISBURSED AS FOLLOWS:

3 (A) FIFTY PERCENT TO THE COUNTY FROM WHICH THE OIL OR GAS

4 WAS REMOVED.

5 (B) FIFTY PERCENT TO THE CITY, VILLAGE, OR TOWNSHIP FROM

6 WHICH THE OIL OR GAS WAS REMOVED.

00645'01 JLB

2

1 Enacting section 1. This amendatory act does not take

2 effect unless Senate Bill No. 31

3 of the 91st Legislature is enacted into

4 law.

00645'01 Final page. JLB