This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Michigan Area of Mutual Interest
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Multi-State
Control #:
US-OG-695
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Word;
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FAQ
MCL 206.113 provides that "[i]nterest and dividends are allocable to this state if the taxpayer is a resident partnership, estate or trust or individual of this state or has a commercial domicile in this state." Therefore, interest and dividends received by a Michigan resident are fully taxable to that resident to the ...
*ing to the State of Michigan Uniform City Income Tax Ordinance, the following payments and benefits received by any person are not subject to the tax: Gifts and bequests. Proceeds of insurance, annuities, pensions and retirement benefits.
Child support, alimony, Roth IRA distributions, gifts, and self-employment income aren't reported as other income. You report other income by filling in line 10 on Schedule 1 and transferring the total to line 8 on Form 1040.
Apportionment Percentage To compute the sales factor, divide the total sales in Michigan during the tax year by the total sales everywhere during the tax year.
You own or were contracted to pay rent and occupied a Michigan homestead. You were NOT a full-time student who was claimed as a dependent on another person's return. You did NOT live in college or university operated housing for the entire year. You did NOT live in a licensed care facility for the entire year.