Utah Code 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:

Terms Used In Utah Code 59-5-119

Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Gas: means :

(i)	natural gas;

(ii)	natural gas liquids; or

(iii)

any mixture of natural gas and natural gas liquids. See Utah Code 59-5-101

Land: includes :Utah Code 68-3-12.5

Oil: means :

(i)	crude oil;

(ii)	condensate; or

(iii)

any mixture of crude oil and condensate. See Utah Code 59-5-101

United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5

(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.

(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.

Amended by Chapter 401, 2021 General Session

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