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Saturday, May 9, 2020 | History

2 edition of State taxation of mineral deposits and production found in the catalog.

State taxation of mineral deposits and production

Thomas F Stinson

State taxation of mineral deposits and production

by Thomas F Stinson

  • 182 Want to read
  • 15 Currently reading

Published by Environmental Protection Agency, Office of Research and Development, [Office of Energy, Minerals and Industry in Washington .
Written in English

    Subjects:
  • Mineral industries -- Taxation -- United States,
  • Mineral industries -- United States -- Law and legislation

  • Edition Notes

    Prepared by Economic Research Service, U.S. Dept. of Agriculture, in cooperation with University of Minnesota, under contract no. EPA-IAG-D6-E766

    Statementby Thomas F. Stinson
    SeriesInteragency energy-environment research and development program report ; EPA 600/7-77-008
    ContributionsUnited States. Environmental Protection Agency. Office of Energy, Minerals, and Industry, United States. Dept. of Agriculture. Economic Research Service, University of Minnesota
    The Physical Object
    Paginationvi, 44 p. ;
    Number of Pages44
    ID Numbers
    Open LibraryOL14888111M

    • A production payment is the right to a specified share of the production from minerals in place (if, as, and when produced) or the proceeds from such production. – Retained production payments may occur on a sale or sublease of mineral interests – Carved-out production payments may occur on a lease of mineral interestsFile Size: 1MB. Mining License Tax and Production Royalty Page 49 - 64 Section V. Appeals Page 65 - 68 Section VI. The acquisition and continuance of rights in and to deposits on state land of minerals, which on January 3, , were location and recording shall initiate prior rights to mineral deposits subject to AS - in or on File Size: KB.

    Leaders of states in the U.S. which have significant mineral deposits often create a state mineral, rock, stone or gemstone to promote interest in their natural resources, history, tourism, etc. Not every state has an official state mineral, rock, stone and/or gemstone, however. State federal district or territory Mineral Rock or stone Gemstone Alabama. Total Taconite Taxes. Of the 12 taxes levied on taconite and iron ore, 9 currently generate revenue. Most of the 12 taxes generate a small amount of the total revenue, while a few taxes generate the majority. Among Minnesota’s taxes on taconite, the production tax generates the .

    Thorough, in-depth treatment, expert analysis of the issues, laws, regulations, cases & rulings that govern federal income taxation of operations involving minerals other than oil & gas. 1 Volume; Looseleaf; updated annually. @article{osti_, title = {Taxation of mineral resources}, author = {Conrad, R.F. and Hool, R.B.}, abstractNote = {There has been a substantial increase in recent years in the level of taxation imposed on mining firms by state and local governments. This increase can be attributed to three factors: (1) a heightened awareness that resources are limited in quantity; (2) environmental damage.


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State taxation of mineral deposits and production by Thomas F Stinson Download PDF EPUB FB2

Additional Physical Format: Online version: Stinson, Thomas F., State taxation of mineral deposits and production. Washington: U.S. Dept. of Agriculture.

State taxation of mineral deposits State taxation of mineral deposits and production book production. Washington: Environmental Protection Agency, Office of Research and Development [Office of Energy, Minerals and Industry, ] (OCoLC) Material Type: Government publication, National government publication, Internet resource: Document Type: Book, Internet Resource: All Authors.

of production [(b),(c)]. The tax levied under this section is in place of all taxes imposed by the. State or its municipalities except franchise taxes, income taxes, taxes upon. the retail sale of oil and gas, and the one-eighth cent per barrel oil and. Taxes are compared on the basis of easeof administration, social justice, consistency with national economic goals,and revenue adequacy.

The gross production tax and the severance tax arethe most desirable, with the gross production tax preferred except when themarket price of the mineral. Alternative methods for taxing the mineral industry at the State level include four types of taxes: the ad valorem tax, severance tax, gross production tax, and net production tax.

An ad valorem tax is a property tax levied on a mineral deposit's assessed value and due whether the deposit Author: Thomas F. Stinson. This data release provides the description of U.S. sites that include mineral regions, mines and mineral occurrences (deposits) that have a contained resource and (or) production of tellurium metal greater than 1 metric ton.

For this data release, only one deposit in the U.S. with historic production records was found: Butte, Montana. State taxation of mineral deposits and production / By Thomas F. Stinson and and Cooperatives Service. Statistics United States. Topics: Taxation, State., Mines and mineral resources.

Publisher: [Washington]: Dept. of Agriculture. State mineral data - After all information from the USGS annual canvass of domestic mineral industries is compiled and the mineral commodity chapters (Volume I of the Minerals Yearbook) are released, a Statistical Summary chapter is completed, with table 5 (and several other tables) presenting the earliest State-by-State data, including total State production and production.

The taxation of mineral resources has at least three dimensions of importance to host countries in the developing world: the level of taxation, the structure of taxation, and the transparency of the resulting revenue streams. The first dimension – level of taxation – is somewhat surprisingly not always the most important subject of discussion.

¾ Production: (1) the major portion of the mineral production is obtained from workings other than those opened for development, or (2) the principal activity of the mine is the production of developed ores rather than the development of additional ores.

¾ Processing: the making and shaping of a raw mineral into a saleable mineral. In most cases, you report royalties in Part I of Schedule E (Form ).

However, if you hold an operating oil, gas, or mineral interest or are in business as a self-employed writer, inventor, artist, etc., report your income and expenses on Schedule C (Form ) or Schedule C-EZ (Form ).

Mineral Economics - An Introduction 2 themselves. One can realize this simply by looking at the works of Adam Smith and David Recardo. This two men often spoke of taxation on the metal mines of gold and silver. Taxation can change plans a mine may have made by shifting production File Size: 8KB.

MIneral royaltIes anD other MInIng-speCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are, in principle, directed at the net value of the mineral resource after the deduction of costs of production including normal File Size: KB.

The purpose of mineral exploration is the discovery and acquisition of new mineral deposit amenable to economic extractive operations now or in future.

The prime objective of mineral exploration is to find and acquire a maximum number of such economic mineral deposits at a. The adequacy of mineral resources in light of population growth and rising standards of living has been a concern since the time of Malthus (), but many studies erroneously forecast impending peak production or exhaustion because they confuse reserves with “all there is”.

Reserves are formally defined as a subset of resources, and even current and potential resources are only a small Cited by: Royalties from copyrights, patents, and oil, gas, and mineral properties are taxable as ordinary income.

In most cases, you report royalties in Part I of Schedule E (Form ). However, if you hold an operating oil, gas, or mineral interest or are in business as a self-employed writer, inventor, artist, etc., report your income and expenses on.

between market and book value of a company, which should be taken into account in business combinations. Using correlation analysis we deter-mined the dependence of capitalization and mineral resources base indicators and factors exerting influence on it.

The evaluation of mineral assets as a very important part of business combination dealFile Size: KB. Increased use of mineral taxation is one way of financing the new services without increasing the tax burden on the area's existing residents.

Four mineral taxes--ad valorem, severance, gross production, and net production--are described and evaluated. Essentials of Mineral Exploration and Evaluation offers a thorough overview of methods used in mineral exploration campaigns, evaluation, reporting and economic assessment illustrated to cover the state-of-the-art exploration techniques and evaluation of mineral assets being practiced globally, this up-to-date reference offers balanced coverage of the latest knowledge and.

Mineral Deposits of Finland is the only up-to-date and inclusive reference available that fully captures the scope of Finland’s mineral deposits and their economic potential. Finland hosts Europe’s most mature rocks and large cratonic blocks, analogous to western Australia and Southern Africa, which are the most mineralized terrains on Earth.

To enter royalty income in the TaxAct program: If you have not already entered the applicable Schedule E information. From within your TaxAct return (Online or Desktop), click on the Federal smaller devices, click the menu icon in the upper left-hand corner, then select Federal.; Click Rent or Royalty Income to expand the category and then click Royalties.Minerals are generally taxed at the county, state and federal levels.

Here’s a glance at the taxes you should know about. Ad Valorem Tax: These are taxes collected annually at the county level.

In many states, this tax is only paid when there is active mineral production.Major mines such as Heel Dog are in production. Recently completed exploration at the Red Dog sedimenta1y exhalative deposit has significantly expanded the reserve base and major mine expansion is contemplated.

The Nixon Fork gold skarn deposit was put into production inwith the first ore poured in November.