87-0933 - Oil & Gas

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

v. :

AUDITING DIVISION UTAH :

STATE TAX COMMISSION, :

Respondent. :

_____________________________________

Having been fully informed in the premises and for good cause appearing therefor, it is hereby ORDERED that the agreement between the above-listed parties dated XXXXX, be and the same is hereby approved and incorporated by reference with this order.

Based thereon, it is further ORDERED that the sum of $$$$$, the receipt of which is hereby acknowledged, be and the same is accepted as payment in full for all taxes, penalty and interest due on the audit performed by the Respondent of the Petitioner for calendar years XXXXX for AGREEMENT This Agreement, made and entered into as of the XXXXX, between the UTAH STATE TAX COMMISSION (the "Commission") and XXXXX, a Utah corporation ("XXXXX");

RECITALS:

A. XXXXX is the owner of certain inactive uranium mines and facilities. However, at one time XXXXX was buying XXXXX. The Commission performed a mine occupation tax audit of XXXXX for calendar years XXXXX (Tax Audit), and issued a notice of deficiency.

B. XXXXX disagreed with the amount of the deficiency. Thereafter, XXXXX furnished additional information to the Commission and made a partial payment to the Commission, and the Commission revised its methods of computing mine occupation taxes with respect to stockpiled uranium ores.

C. The Commission and XXXXX have now reached agreement as to the settlement of all outstanding mine occupation tax issues. Now, therefore, in consideration of the payment by Plateau to the Commission of the sum of $$$$$, the receipt of which is acknowledged, the Commission agrees that all mine occupation taxes with respect to the period covered by the Audit have been paid and all claims or liens with respect thereto have been fully satisfied and discharged. Executed as of the date first above written.

AUDITING DIVISION OF THE

UTAH STATE TAX COMMISSION

XXXXXAsst. Attorney General

XXXXX

DATED this 1 day of April, 1988.

By the Tax Commission:

R. H. Hansen, Chairman

Blaine Davis Commissioner