Has Michigan got a deal for you
Click on any of the categories below to see how many tax breaks are out there, and how much they cost the state treasury. The numbers were taken from the state's executive budget for 2013 and 2014.
|Type of tax||Category||2014 tax break value||Description|
|Oil and Gas Severance Tax||Marginal Wells||$6,700,000||Taxes oil from marginal or stripper wells at 4.0 percent, rather than the 6.6 percent rate on other oil production.|
|Oil and Gas Severance Tax||Public Land||$2,600,000||Exempts oil and gas severed from publicly-owned lands from taxation.|
In some cases, the state does not estimate the value of a tax break, leaving the tax break value empty in its tables.