The Michigan Severance Tax Act, MCL 205.302(l), requires every corporation, association, person, common carrier, pipe line company or common purchaser who receives, purchases or transports severed oil or gas to make a report on or before the 25th day of each month showing the amount of oil and gas received, purchased, stored or transported during the preceding month. Other information such as the value of the severed oil and gas is also required to be reported. Michigan severance tax returns that are not filed timely by the 25th of the month following the production and/or sale of the severed product are subject to the late filing penalty and interest provisions of the Michigan Revenue Act, MCL 205.2 et seq.
| Severance Tax Oil and Gas Fee Rates by Calendar Year
| CALENDAR YEAR |
ANNUAL FEE
RATE |
| 2006 |
.0045 |
| 2007 |
.0065 |
| 2008 |
.0075 |
| 2009 |
.0025 |
| 2010 |
.0029 |
| | You will need Adobe Acrobat Reader installed to view the tax forms listed below. |
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