R865.  Tax Commission, Auditing.

R865-25X.  Brine Shrimp Royalty.[R865-25X-1.  Brine Shrimp Royalty Procedures Pursuant to Utah Code Ann. Section 59- 23-4.

A.  "Gross weight" means the raw, wet, harvested weight of the unprocessed brine shrimp eggs as reported to the Division of Wildlife Resources, and includes any biomass or refuse harvested with the brine shrimp eggs.

B.  A harvester of brine shrimp eggs shall calculate the net weight of unprocessed brine shrimp eggs harvested by multiplying the gross weight by .60.

C.  Prior to January 31 of each year, a harvester shall file a report with the Tax Commission, on a form prescribed by the Tax Commission, containing the following information:

1.  the net weight of unprocessed brine shrimp eggs harvested during the current harvest season and sold in arm's length transactions prior to submitting the report;

2.  the total proceeds received prior to January 31 for the unprocessed brine shrimp eggs sold in C.1; and

3.  proceeds received since the last January 31 reporting period for unprocessed brine shrimp eggs harvested in prior harvest seasons.

The Tax Commission shall annually determine the unit value of unprocessed brine shrimp eggs by dividing the aggregate proceeds reported by all harvesters under C.2. and C.3. by the aggregate net weight reported by all harvesters under C.1.]

KEY:  brine shrimp royalty

Effective:  9/17/2009f