Utah Code 59-5-202. Severance tax — Rate — Computation — Annual exemption
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Superseded 1/1/2024)
59-5-202. Severance tax — Rate — Computation — Annual exemption.
| (1) | Every person engaged in the business of mining or extracting metalliferous minerals in this state shall pay to the state a severance tax equal to 2.6% of the taxable value of all metals or metalliferous minerals sold or otherwise disposed of. |
| (i) | aluminum; |
| (ii) | antimony; |
| (iii) | arsenic; |
| (iv) | barium; |
| (v) | beryllium; |
| (vi) | bismuth; |
| (vii) | boron; |
| (viii) | cadmium; |
| (ix) | calcium; |
| (x) | cerium; |
| (xi) | cesium; |
| (xii) | chromium; |
| (xiii) | cobalt; |
| (xiv) | columbium; |
| (xv) | copper; |
| (xvi) | gallium; |
| (xvii) | germanium; |
| (xviii) | gold; |
| (xix) | hafnium; |
| (xx) | indium; |
| (xxi) | iridium; |
| (xxii) | iron; |
| (xxiii) | lanthanum; |
| (xxiv) | lead; |
| (xxv) | lithium; |
| (xxvi) | manganese; |
| (xxvii) | mercury; |
| (xxviii) | molybdenum; |
| (xxix) | nickel; |
| (xxx) | osmium; |
| (xxxi) | palladium; |
| (xxxii) | platinum; |
| (xxxiii) | praseodymium; |
| (xxxiv) | rare earth metals; |
| (xxxv) | rhenium; |
| (xxxvi) | rhodium; |
| (xxxvii) | rubidium; |
| (xxxviii) | ruthenium; |
| (xxxix) | samarium; |
| (xl) | scandium; |
| (xli) | selenium; |
| (xlii) | silicon; |
| (xliii) | silver; |
| (xliv) | sodium; |
| (xlv) | strontium; |
| (xlvi) | tantalum; |
| (xlvii) | tellurium; |
| (xlviii) | thallium; |
| (xlix) | thorium; |
| (l) | tin; |
| (li) | titanium; |
| (lii) | tungsten; |
| (liii) | uranium; |
| (liv) | vanadium; |
| (lv) | yttrium; |
| (lvi) | zinc; or |
| (lvii) | zirconium. See Utah Code 59-5-201 |
| (2) | If the metals or metalliferous minerals are shipped outside the state, this constitutes a sale, and the finished metals or the recoverable units of finished metals from the metalliferous minerals shipped are subject to the severance tax. If the metals or metalliferous minerals are stockpiled, the tax is not applicable until they are sold or shipped out of state. For purposes of the tax imposed by this chapter, uranium concentrates shall be considered to be finished metals. The owner of the metals or metalliferous minerals that are stockpiled shall report to the commission annually, in a form acceptable to the commission, the amount of metalliferous minerals so stockpiled. Metals or metalliferous minerals that are stockpiled for more than two years, however, are subject to the severance tax. |
| (3) | An annual exemption from the payment of the tax imposed by this chapter upon the first $50,000 in gross value of the metalliferous mineral is allowed to each mine. |
| (4) | These taxes are in addition to all other taxes provided by law and are delinquent, unless otherwise deferred, on June 1 next succeeding the calendar year when the metalliferous mineral is produced and sold or delivered. |
Amended by Chapter 295, 1990 General Session