LANSING -- After nearly a year of discussion, a controversial mining severance tax has passed the Michigan State House and Senate. The law, which now awaits Governor Rick Snyder's signature, places a tax of 2.75 percent on minerals like copper and nickel.
It replaces separate taxes for corporate income, sales, property and use. This would affect Rio Tinto's Eagle Mine project in Marquette County.
The bill, in its original form, had some on the Marquette County Board concerned the county would lose tax revenue. The board negotiated changes to the bill to ensure that won't happen.
There's no word on when Governor Snyder will sign the bill.
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