Section 10-39A-2.2 – Uranium ore taxed on triuranium octa-oxide content.
10-39A-2.2. Uranium ore taxed on triuranium octa-oxide content. The taxable value of severed and saved uranium-bearing material is the sales price per pound of the content of triuranium octa-oxide contained in the severed and saved uranium ore or processed yellow-cake concentrate, regardless of the form in which the product is actually disposed of. However, if […]
Section 10-39A-3.1 – Point of imposition of severance tax.
10-39A-3.1. Point of imposition of severance tax. An energy mineral is subject to the severance tax when it is sold or consumed, whichever occurs first. Source: SL 1978, ch 81, §7; SL 1991, ch 93.
Section 10-39A-4 – Operator to be designated to file returns and pay tax–Tax withheld from owner–Designated operator.
10-39A-4. Operator to be designated to file returns and pay tax–Tax withheld from owner–Designated operator. Each owner of interests in energy minerals produced from a single well or mine shall designate an operator to file all required returns and to pay the tax due under this chapter. The tax, subject to any provisions to the […]
Section 10-39A-5 – Quarterly filing of reports and remission of tax due–Forms–Violation as misdemeanor.
10-39A-5. Quarterly filing of reports and remission of tax due–Forms–Violation as misdemeanor. Within thirty days after the close of each quarter ending respectively on March thirty-first, June thirtieth, September thirtieth, and December thirty-first of each year, each owner of severed energy minerals or person designated to remit the tax on behalf of the owners shall […]
Section 10-39A-7 – Severance tax in lieu of taxes other than sales, use, and property taxes.
10-39A-7. Severance tax in lieu of taxes other than sales, use, and property taxes. This tax is in lieu of all other occupational, excise, income, privilege, franchise taxes, and any other mineral taxes levied by the state, but is not in lieu of sales, use, and property taxes. Source: SL 1977, ch 93, §1; SL […]
Section 10-39A-8 – Proceeds distributed.
10-39A-8. Proceeds distributed. All taxes, interest and penalties imposed and collected by the secretary under this chapter shall be distributed as follows: (1)One-half shall be returned to the county in which the energy minerals or mineral products were severed; and (2)One-half share shall be paid into the state treasury and credited to the general fund. […]