| PRIVATE FOREST |
LEGAL CITATION: |
M.C.L. 324.51301 et seq.; 1995 PA 57. |
|
| YEAR ADOPTED: |
1917 (tax is repealed effective September 1, 2007). The former statute (1917 PA 86) was repealed and replaced by 1995 PA 57. |
|
| BASIS OF TAX: |
In lieu of general property taxation. |
|
| MEASURE OF TAX (BASE): |
Lands placed in private forest reserve and cash value of timber thereon (40 acre maximum). |
|
| RATE: |
Specific: $1 per acre; Stumpage: 5% of value of timber cut; Withdrawal: 5% of value of timber on the stump. |
|
| ADMINISTRATION: |
Department of Natural Resources; Township Assessors, Township and County Treasurers. |
|
| REPORT AND PAYMENT: |
Specific: with property tax; Stumpage: when cut; Withdrawal: upon withdrawing. |
|
| DISPOSITION: |
Distributed to local units in same proportion as General Property Tax except that school operating portion is paid to School Aid Fund. |
