Section 39-14-510 – Statute of Limitations.
39-14-510. Statute of limitations. Except as otherwise provided in this article, there is no general statute of limitations for this article.
Section 39-14-503 – Imposition.
39-14-503. Imposition. (a) Taxable event. The following shall apply: (i) There is levied a severance tax on the value of the gross product for the privilege of severing or extracting uranium in the state. The severance tax imposed by this article may be in addition to other taxes, including but not limited to the ad […]
Section 39-14-504 – Tax Rate.
39-14-504. Tax rate. (a) Except as provided in subsections (b) and (c) of this section, the total severance tax rate for uranium shall be four percent (4%). The tax shall be distributed as provided in W.S. 39-14-511 and is imposed as follows: (i) Two percent (2%); plus (ii) Two percent (2%). (b) The severance tax […]
Section 39-14-502 – Administration; Confidentiality.
39-14-502. Administration; confidentiality. (a) The department shall annually value and assess the gross product of all mines and mining claims at its fair market value for taxation. (b) The department shall annually value the gross product for the preceding calendar year, in appropriate unit measures of all mines and mining claims from which valuable deposits […]
Section 39-14-410 – Statute of Limitations.
39-14-410. Statute of limitations. Except as otherwise provided in this article, there is no general statute of limitations for this article.
Section 39-14-411 – Distribution.
39-14-411. Distribution. (a) As provided by W.S. 39-14-404, the total severance tax rate for bentonite shall be two percent (2%), and shall be deposited in the severance tax distribution account. (b) All payments received pursuant to W.S. 39-14-407(b)(iii) shall be transferred to an account. The monies in this account shall be invested or deposited in […]
Section 39-14-501 – Definitions.
39-14-501. Definitions. (a) As used in this article: (i) “Arm’s-length market or sales price” means the transaction price determined in connection with a bona fide arm’s length sale; (ii) “Bona fide arm’s-length sale” means a transaction in cash or terms equivalent to cash for specified property rights after reasonable exposure in a competitive market between […]
Section 39-14-404 – Tax Rate.
39-14-404. Tax rate. The total severance tax rate for bentonite shall be two percent (2%). The tax shall be distributed as provided in W.S. 39-14-411.
Section 39-14-405 – Exemptions.
39-14-405. Exemptions. There are no specific applicable provisions for exemptions for this chapter.
Section 39-14-406 – Licenses; Permits.
39-14-406. Licenses; permits. There are no specific applicable provisions for licenses and permits for this chapter.