15-6-208. Mineral exemptions -- small coal or metal mines producer -- travertine -- bentonite.
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/mt/title-15/chapter-6/part-2/15-6-208·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-6-208 . Mineral exemptions -- small coal or metal mines producer -- travertine -- bentonite.
(1)One-half of the contract sales price of coal sold by a coal producer who extracts less than 50,000 tons of coal in a calendar year is exempt from taxation.
(2)Metal mines producing less than 20,000 tons of ore in a taxable year are exempt from property taxation on one-half of the merchantable value.
(3)The first 1,000 tons of travertine and building stone extracted from a mine in a tax year are exempt from property taxation.
(4)Bentonite extracted from a mine is exempt from property taxation.