Industrial processing definition

Industrial processing means the activity of converting or conditioning tangible personal property by changing the form, composition, quality, combination, or character of the property for ultimate sale at retail or for use in the manufacturing of a product to be ultimately sold at retail. Industrial processing begins when tangible personal property begins movement from raw materials storage to begin industrial processing and ends when finished goods first come to rest in finished goods inventory storage.

Industrial processing means that term as defined in section 4t of the general sales tax act, 1933 PA 167, MCL 205.54t, or section 4o of the use tax act, 1937 PA 94, MCL 205.94o. Industrial processing does not include the generation, transmission, or distribution of electricity for sale.

Industrial processing means the activity of converting or conditioning tangible personal property by changing the form, composition, quality, combination, or character of the property for ultimate sale at retail or

Examples of Industrial processing in a sentence

• Industrial processing begins when tangible personal property begins movement from raw materials storage to begin industrial processing and ends when finished goods first come to rest in finished goods inventory storage.

• Industrial processing does not include receipt and storage of raw materials purchased or extracted by the user or consumer, or the preparation of food and beverages by a retailer for retail sale.

• Industrial processing does not include the generation, transmission, or distribution of electricity for sale.(f) "New personal property" means property that was initially placed in service in this state or outside of this state after December 31, 2012 or that was construction in progress on or after December 31, 2012 that had not been placed in service in this state or outside of this state before 2013.

• There is a rebuttable presumption that the acquisition price paid by the first owner for personal property, and any costs of freight, sales tax, installation, and other capitalized costs, except capitalized interest, reflect the fair market value.(e) "Industrial processing" means that term as defined in section 4t of the general sales tax act, 1933 PA 167, MCL 205.54t, or section 4o of the use tax act, 1937 PA 94, MCL 205.94o.

• Industrial processing does not include the generation, transmission, or distribution of electricity for sale.

More Definitions of Industrial processing

Industrial processing means any industrial or large-scale process or operation which has the effect of altering the character, nature or composition of any commodity to which this Act applies; and

Industrial processing means the activity of converting or conditioning tangible personal property by

Industrial processing means the activity of converting or conditioning tangible personal property by changing the form, composition, quality, combination or character of the property for ultimate sale at retail or use in manufacturing of a product to be ultimately sold at retail.

Industrial processing means the activity of converting or conditioning tangible personal property by changing the form, composition, quality, combination, or character of the property for ultimate sale at retail or for use in the manufacturing of a product to be ultimately sold at retail or affixed to and made a structural part of real estate located in another state. Industrial processing begins when tangible personal property begins movement from raw materials

Industrial processing means an integrated series of operations, usually involving machinery and equipment, which changes the form, composition or character of tangible personal property by physical,

Industrial processing means that term as defined in section 4t of the general sales tax act, 1933 PA 167, MCL 205.54t, and section 4o of the use tax act, 1937 PA 94, MCL 205.94o.

Industrial processing means that term as defined in section 4t of the general sales tax act, 1933 PA 167, MCL 205.54t, or section 4o of the use tax act, 1937 PA 94, MCL 205.94o. See Treasury Revenue Administrative Bulletin 2000–4 which can be found by going to the the Michigan Department of Treasury home page,www.michigan.gov/treasury and clicking on Revenue Administrative Bulletins on the right side. MCL 211.9m and the other statutes cited provide that industrial processing does not include the generation of electricity for sale but does include the activity of converting or conditioning tangible personal property by changing the form, composition, quality, combination, or character of the property for ultimate sale at retail and begins when tangible personal property begins movement from raw materials storage to begin industrial processing and ends when finished goods first come to rest in finished goods inventory storage.