Tax Commission
Mineral Production Withholding
Payments received for owning interest in mines, wells, and other mineral producing activities (including metals, ores, rock, coal, sand, oils, gases, etc) located in Utah is considered Utah source income.
All producers must withhold taxes on any payments regarding mineral production from Utah sources and that those withholdings become a refundable credit on the recipient’s income tax returns.
You can apply for this tax account on our Taxpayer Access Point
For details on how to file, please review the filing instructions.
Filing and Payment Frequency
Filing frequency: Quarterly
Your payment frequency is determined by the amount you withhold, as follows:
| If you: | Your payment frequency is: |
|---|---|
| Withhold $1,000 or more per month | Monthly |
| Withhold less than $1,000 per month | Quarterly |
Tax Rate: The income tax rate for Utah can change from year to year. For a list of rates per year please check our Income Tax Rates page.
Additional Information:
You must file an annual reconciliation for each year (or partial year) you have a withholding tax account, even if you have no employees or withholding to report for the year. The annual reconciliation is filed as part of the fourth quarter return.
A complete reconciliation includes electronic form TC-941E, and TC-675Rs with Utah income or withholding. TC-675Rs are submitted separate from the TC-941E.
Forms, Publications, and Instructions
Statues and Rules
Revenue
All income tax revenue is used to fund education.