70.37 Net proceeds occupation tax on persons extracting metalliferous minerals in this state.
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70.37 Net proceeds occupation tax on persons extracting metalliferous minerals in this state.
(1)Legislative findings. The legislature finds that:
(a)The existence has been announced of several economically significant ore bodies containing copper, zinc, lead, taconite and other metalliferous minerals in this state, including one of the largest zinc deposits in North America.
(b)Metalliferous minerals are valuable, irreplaceable natural resources which, once removed, are forever lost as an economic asset to the state.
(c)The activity of mining metalliferous minerals creates jobs, economic activity, tax revenues and other valuable benefits to the economy and residents of this state.
(d)The activity of mining metalliferous minerals creates additional costs to the state and municipalities for highways, sewers, schools and other improvements which are necessary to accommodate the development of a metalliferous mining industry.
(e)The activity of mining metalliferous minerals has a permanent and often damaging effect on the environment of the state.