R884. Tax Commission, Property Tax.
R884-24P. Property Tax.
R884-24P-8. Security for Property Tax on Uranium and
Vanadium Mines Pursuant to Utah Code Ann. Section 59-2-211.
A. The security deposit allowed by Section
59-2-211 shall be requested from the mine owners or operators by giving notice
in the manner required by Section 59-2-211.
A list of mine owners and operators who have made lump sum security
deposits with the Tax Commission will be furnished annually by the Tax
Commission to any person, mill, buying station, or other legal entity receiving
uranium or vanadium ore mined, produced, or received from within Utah.
B. At the option of the mine owner or operator,
within 30 days after receiving proper notice from the Tax Commission, or if the
mine owner or operator has not complied with the request within the 30 day
period, the Tax Commission may implement the following procedure:
1. Any person, mill, buying station, or other
legal entity receiving uranium or vanadium ore mined, produced, or received
from within Utah shall withhold 4 percent, or any higher amount set by the Tax
Commission, of the gross proceeds due to the mine operator or owner.
2. All amounts withheld shall be remitted to
the Tax Commission by the last day of April, July, October, and January for the
immediately preceding calendar quarter, in the manner set forth by the Tax
Commission.
3. Not later than the last day of February,
owners or operators of uranium and vanadium mines who have not made lump sum
security deposits with the Tax Commission shall be provided with a statement
from the Tax Commission showing all security deposit amounts withheld from
their gross proceeds during the previous calendar year.
4. The Tax Commission shall provide the county
treasurers with a list of all uranium and vanadium mine owners and operators
who have had security deposit amounts withheld. The county treasurers shall then advise the Tax Commission in
writing of the amount of taxes due from each mine owner or operator on the Tax
Commission's list.
5. Once all county treasurers have responded,
the Tax Commission shall forward to each county treasurer the taxes due, or the
pro rata portion thereof, to the extent taxes have been withheld and remitted
to the Tax Commission.
a. Any amount withheld in excess of the total
taxes due to all counties shall be refunded to the appropriate mine owner or
operator by the Tax Commission.
b. If the amount withheld is not sufficient to
pay the full amount of taxes due, the county treasurers shall collect the
balance of taxes directly from the mine owner or operator.
KEY: taxation, personal property, property tax,
appraisal
Effective: 2/16/93