Free Utah Mining Severance Tax Quarterly Installment Return, TC-807 - Utah

Clear form
Utah State Tax Commission

Mining Severance Tax Quarterly Installment Return

TC-807 Rev. 10/05

Utah State Tax Commission, 210 N 1950 W, Salt Lake City, Utah 84134-2400 Telephone (801) 297-4600 www.tax.utah.gov

Taxpayer Name and Address

Installment Period Due date

Mining account number Mine name and location

Metalliferous mineral mined

BERYLLIUM 1. 125% of direct mining costs for beryllium metal or concentrates sold or stockpiled 2. Less annual exemption of $12,500 3. Taxable value (line 1 less line 2) OTHER METALS OR CONCENTRATES 4. Metal or concentrates sold or stockpiled, except beryllium 5. Less annual exemption of $12,500 6. Adjusted gross proceeds (line 4 less line 5) 7. Taxable value (multiply line 6 by .30) ORE 8. Ore of all metals sold or stockpiled, except beryllium 9. Less annual exemption of $12,500 10. Adjusted gross proceeds (line 8 less line 9) 11. Taxable value (multiply line 10 by .80) TOTAL 12. Total taxable value (add lines 3, 7, and 11) 13. Mining severance tax (multiply line 12 by .026) $ $
Quantity Quantity Quantity

Value $ $ $ $ $ $ $ $ $ $ $

Penalties and interest will be computed as provided by law and billed by the Utah State Tax Commission for late filing and/or late payment. I have reviewed this report and certify the information to be accurate and complete.
Authorized signature Date signed Telephone number

Instructions for Mining Severance Tax Quarterly Installment
As provided in Utah Code 59-5-207, every taxpayer whose total obligations for the preceding calendar year was $3,000 or more, shall pay the current year's tax in quarterly installments. Name and Address Enter the name and address of the company submitting this report. Installment Period An installment period covers one calendar quarter. The due dates for these installments are: January 1 through March 31 due on or before June 1; April 1 through June 30 due on or before September 1; July 1 through September 30 due on or before December 1; October 1 through December 31 due on before March 1 of the next year. Utah Account Number Enter the Utah account number of the company submitting this report. This number is assigned by the Minerals Section, Auditing Division, Utah State Tax Commission. Mine Name and Location Prepare a separate return for each mine. For the purpose of the mining severance tax, a contiguous claim or mine working is considered to be one mine. Also, enter the legal description of the mine. Metalliferous Minerals Mined Enter the type of metals or metalliferous minerals mined. Line 1 Enter the quantity and taxable value for the installment period of beryllium sold, stockpiled for more than two years, or otherwise disposed of. The taxable value is defined as 125 percent of the direct mining costs incurred in mining beryllium. Lines 4 and 8 Enter quantity and value for each metal or concentrate sold or stockpiled for more than two years. The value is the gross amount received from purchasers, including bonuses, premiums and subsidies. If the metal or minerals are stockpiled, shipped out of state without sale, or otherwise disposed of, gross value shall be calculated by multiplying the recoverable units of metals contained by the average daily price as quoted by an established authority for market prices of metals for the period during which the tax is due. Lines 2, 5 and 9 Enter the prorated amount of the annual mine exemption. An annual exemption from the payment of the tax is allowed upon the first $50,000 in gross value of the metal or metalliferous mineral for each mine. Line 12 Add lines 3, 7 and 11 to calculate Total Taxable Value. Line 13 Multiply the total taxable value by the tax rate of 2.6 percent (.026). For additional information, visit the Utah State Tax Commission's website at tax.utah.gov, or contact the Tax Commission, 210 North 1950 West, Salt Lake City, Utah 84134, (801) 297-4600.