Sec. 4.
Each corporation, association or person mentioned and included in sections 1 and 2 of this act shall make, keep and preserve a full and complete record of all such oil produced in this state during the time so engaged in its production, and said record shall be open at all times to the inspection of the Michigan tax commission. Any corporation, association or person failing to comply with this requirement shall be subject to a penalty of not less than 500 and not more than 1,500 dollars payable to the state of Michigan, and such penalty shall accrue for each 20 days of failure to comply with this section with reference to each separate oil or gas well.
History: 1929, Act 48, Eff. Aug. 28, 1929 ;-- CL 1929, 3607 ;-- CL 1948, 205.304
Structure Michigan Compiled Laws
Act 48 of 1929 - Severance Tax on Oil or Gas (205.301 - 205.317)
Section 205.301 - Severance Tax on Oil or Gas.
Section 205.302 - Monthly Reports; Contents, Form.
Section 205.304 - Production Record, Keeping, Open to Inspection; Penalty.
Section 205.305 - Report, Contents.
Section 205.307-205.309 - Repealed. 1980, Act 166, Eff. Sept. 17, 1980.
Section 205.311 - “Oil” and “Gas” Defined.
Section 205.311a - "Carbon Dioxide Secondary or Enhanced Recovery Project" Defined.
Section 205.312 - “Person” and “Producer” Defined.
Section 205.313 - Receipt; Contents.
Section 205.315 - In Lieu of Other Taxes; Exceptions.
Section 205.316 - Repealed. 1980, Act 166, Eff. Sept. 17, 1980.
Section 205.317 - Information as to Production; Availability, Conditions.