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Instructions For Mining Severance Tax Annual Return Form - Utah State Tax Commission

Instructions for Mining Severance Tax Annual Return

Name and Address

Enter the name and address of the company submitting this report.

Utah Account Number

Enter the Utah account number of the company submitting this report. This number is assigned by the Oil and Gas

Section, Auditing Division, Utah State Tax Commission.

Report Period and Due Date

Report period covers one calendar year. Report is due on or before June 1, following the report period.

Mine Name and Location

Prepare a separate return for each mine. For the purpose of the mining severance tax, a contiguous claim or mine

working is considered to be one mine. Also, enter the legal description of the mine.

Metals Sold or Stockpiled

Enter quantity sold and value received for sale of metal without deductions of any kind on lines 1, 5 and 9. For value, enter

the gross amount received from purchasers, including bonuses, premiums and subsidies, in connection with the sales of

ores, concentrates and metals. If the metalliferous minerals are stockpiled for more than two years, shipped out of state

without sale, or otherwise disposed of, gross value shall be calculated by multiplying the recoverable units of metals

contained times the average monthly price as quoted in an established authority for market prices of metals for the period

during which the tax is due.

Annual Exemption

An annual exemption from the payment of the tax is allowed upon the first $50,000 in gross value of the metal or

metalliferous mineral for each mine.

Quarterly Prepayment

Enter the amounts previously paid to the Utah State Tax Commission for each of the four quarters on lines 15a - d. Enter

the sum of these lines on line 15.

Tax Due

Tax due equals tax minus quarterly prepayments. Payment must accompany annual return.

For additional information, contact the Utah State Tax Commission, 210 North 1950 West, Salt Lake City, Utah 84134,

(801) 297-4600.

Instructions For Mining Severance Tax Annual Return Form - Utah State Tax Commission