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.

Tax breaks for oil, mineral industries

In some cases, the state does not estimate the value of a tax break, leaving the tax break value empty in its tables.

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Tax breaks for: Oil, mineral industries

by Bridge Staff, Bridge Michigan
September 23, 2014

<h1>Tax breaks for: Oil, mineral industries</h1> <p class="byline">by Bridge Staff, Bridge Michigan <br />September 23, 2014</p> <br /> <h3 class="wp-block-heading">Has Michigan got a deal for you</h3> <p>Click on any of the categories below to see how many tax breaks are out there, and&nbsp;how much they cost the state treasury.&nbsp;The numbers were taken from the state’s <a href="http://www.michigan.gov/documents/treasury/ExecutiveBudgetAppendixOnTaxCreditsDeductionsAndExempts_FY_2013and2014_394614_7.pdf">executive budget for 2013 and 2014.</a></p> <figure class="wp-block-table"> <table class="has-fixed-layout"> <tbody> <tr> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-individuals/">Individuals</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-nonprofits/">Nonprofits</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-businesses/">Businesses</a></strong></p> </td> </tr> <tr> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-manufacturers/">Manufacturers</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-miscellaneous/">Miscellaneous</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-farmers/">Farmers</a></strong></p> </td> </tr> <tr> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-veterans-and-active-military/">Veterans and active military</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-students/">Students</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-historic-preservation/">Historic preservation</a></strong></p> </td> </tr> <tr> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-oil,-mineral-industries/">Oil, mineral industries</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-the-poor/">The poor</a></strong></p> </td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-religious-organizations/">Religious organizations</a></strong></p> </td> </tr> <tr> <td></td> <td> <p><strong><a href="http://bridgemi.com/2014/09/tax-breaks-for-native-americans/">Native Americans</a></strong></p> </td> <td></td> </tr> </tbody> </table> </figure> <h1 class="wp-block-heading">Tax breaks for oil, mineral industries</h1> <figure class="wp-block-table"> <table class="has-fixed-layout"> <tbody> <tr> <th>Type of tax</th> <th>Category</th> <th> 2014 tax break value </th> <th>Description</th> </tr> <tr> <td>Oil and Gas Severance Tax</td> <td>Marginal Wells</td> <td> $6,700,000 </td> <td>Taxes oil from marginal or stripper wells at 4.0 percent, rather than the 6.6 percent rate on other oil production. </td> </tr> <tr> <td>Oil and Gas Severance Tax</td> <td>Public Land</td> <td> $2,600,000 </td> <td>Exempts oil and gas severed from publicly-owned lands from taxation.</td> </tr> </tbody> </table> </figure> <p>In some cases, the state does not estimate the value of a tax break, leaving the tax break value empty in its tables.</p> <p>This &lt;a target=&quot;_blank&quot; href=&quot;https://bridgemi.com/truth-squad-companion/tax-breaks-oil-mineral-industries/&quot;&gt;article&lt;/a&gt; first appeared on &lt;a target=&quot;_blank&quot; href=&quot;https://bridgemi.com&quot;&gt;Bridge Michigan&lt;/a&gt; and is republished here under a &lt;a target=&quot;_blank&quot; href=&quot;https://creativecommons.org/licenses/by-nd/4.0/&quot;&gt;Creative Commons Attribution-NoDerivatives 4.0 International License&lt;/a&gt;.&lt;img src=&quot;https://i0.wp.com/bridgemi.com/wp-content/uploads/2025/05/cropped-android-chrome-192x192-1.png?resize=150%2C150&amp;amp;ssl=1&quot; style=&quot;width:1em;height:1em;margin-left:10px;&quot;&gt;&lt;img id=&quot;republication-tracker-tool-source&quot; src=&quot;https://bridgemi.com/?republication-pixel=true&amp;post=10881&amp;amp;ga4=G-1E2G9MSHX5&quot; style=&quot;width:1px;height:1px;&quot;&gt;&lt;script&gt; PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: &quot;https://bridgemi.com/truth-squad-companion/tax-breaks-oil-mineral-industries/&quot;, urlref: window.location.href }); } } &lt;/script&gt; &lt;script id=&quot;parsely-cfg&quot; src=&quot;//cdn.parsely.com/keys/bridgemi.com/p.js&quot;&gt;&lt;/script&gt;</p> Copy to Clipboard

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