Effective 5/5/2021
59-5-119. Disposition of certain taxes collected on Navajo Nation land located in Utah.
59-5-119. Disposition of certain taxes collected on Navajo Nation land located in Utah.
- (1) Except as provided in Subsection (2), there shall be deposited into the Navajo Revitalization Fund established in Section 35A-8-1704 for taxes imposed under this part beginning on July 1, 1997:
- (a) 33% of the taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
- (i) for which production began on or before June 30, 1996; and
- (ii) attributable to interests in Utah held in trust by the United States for the Navajo Nation and its members; and
- (b) 80% of the taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
- (i) for which production began on or after July 1, 1996; and
- (ii) attributable to interests in Utah held in trust by the United States for the Navajo Nation and its members.
- (a) 33% of the taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
- (2)
- (a) The maximum amount deposited in the Navajo Revitalization Fund may not exceed:
- (i) $2,000,000 in fiscal year 2006-07; and
- (ii) $3,000,000 for fiscal years beginning with fiscal year 2007-08.
- (b) Any amounts in excess of the maximum described in Subsection (2)(a) shall be credited as provided in Sections 51-9-305, 51-9-306, 51-9-307, and 59-5-115.
- (a) The maximum amount deposited in the Navajo Revitalization Fund may not exceed:
Amended by Chapter 401, 2021 General Session