MCL 206.31b — Adjustment; "mineral" and "qualified taxpayer" defined

(1) Notwithstanding any other provision of this part, for the 2013 tax year and each tax year after 2013, taxable income for purposes of this part means taxable income as determined under section 30 with the following adjustment. For the 2013 tax year and each tax year after 2013, eliminate all of the following:
(a) Income derived from a mineral to the extent included in adjusted gross income.
(b) Expenses related to the income deductible under subdivision (a) to the extent deducted in arriving at adjusted gross income.
(2) As used in this act:
(a) "Mineral" means that term as defined in section 2 of the nonferrous metallic minerals extraction severance tax act.
(b) "Qualified taxpayer" means a taxpayer subject to the minerals severance tax levied under the nonferrous metallic minerals extraction severance tax act.