Form 8401 - Wyoming Annual Gross Products Report For Bentonite
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INSTRUCTIONS TO COMPLETE FORM 8401
BENTONITE
Bentonite is assessed for mineral taxation purposes in accordance with Wyoming Statute 39-14-403. The Department recommends that Schedule A
(Forms 8451 and 8452) be completed before attempting to complete Form 8401. The computation of taxable value for bentonite sold away from the
mouth of the mine on Form 8401 is based on the cost and sales information requested on Schedule A (Forms 8451 and 8452). W.S. 39-14-403(b)(ii)
states, "In the event the bentonite is sold at or prior to the mouth of the mine without further movement or processing, the fair market value shall be the
total mineral sales revenue received or receivable by the individual producer less amounts paid or payable by the producer for exempt royalty;". If you
had any mine mouth sales during the calendar year, please also complete Form 8701 (Annual Gross Products Attachment for Mine Mouth Sales).
Please complete Form 8401 using calendar year production, sales, and cost information. Please respond completely to all information inquiries on this
form in the spaces provided, on the forms provided by the Department. Do not substitute computer generated forms. Form 8401 must be accompanied
by Schedule A (Forms 8451 and 8452) and Form 8111 for your annual gross products report filing to be considered complete. If you had any mine
mouth sales during the calendar year, please also complete Form 8701 (Annual Gross Products Attachment for Mine Mouth Sales). Forms not complete
will be returned and may be subject to penalty. Your return will not be considered officially filed until rendered complete. All sales and cost information
provided should be determined on the accrual basis of accounting, in accordance with generally accepted accounting principles. Round all figures to the
nearest whole number except where otherwise instructed.
According to Wyoming Statute 39-14-402, your Annual Gross Products Report for bentonite production may be released by the Department to any
other governmental entity showing sufficient reason to obtain the information for official business.
Production Year: Indicate the production year reported in the space provided.
Operator ID: Enter the operator ID number (the 4-digit number beginning with a 9) assigned to you by the Wyoming Department of Revenue. If an
operator ID has not been assigned to you, leave this box blank.
Taxpayer information: Enter the taxpayer name, contact person, address, and telephone number in the spaces provided.
Mine Group Number: Enter the Mine Group Number (the 5-digit number beginning with a 9) assigned to your mine by the Wyoming Department of
Revenue. If a Mine Group Number has not been assigned to this group, leave this box blank.
Mine Group Name, DEQ Permit Number, and County: Enter the name of the Mine Group where the reported production took place, and the
corresponding DEQ permit number(s) assigned by the Wyoming Department of Environmental Quality. Enter the County where the mine is located.
Form Type: Indicate if the return filed is an original (O) or an amended (A) return in the space provided.
Production, and Taxable Value for Bentonite Sold Away From the Mouth of the Mine: Please complete line 1 through line 14 to determine the taxable
value of bentonite sold away from the mouth of the mine.
Line 1: Enter the total tons of bentonite mined during the reporting period. Report the tons mined in wet tons. This number should be the same number
reported on line 21 of Schedule A (Form 8451).
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