Form Dr 0022 - Colorado Severance Tax Return Molybdenum Ore (Page 2 of 2) in pdf

Form Dr 0022 - Colorado Severance Tax Return Molybdenum Ore Page 2

FILING REQUIREMENTS: C.R.S 39-29-104: A tax shall be levied, collected and paid for each calendar quarter upon the

severance of all molybdenum in Colorado. Every person engaged in the severance of molybdenum ore is liable. The return

is due on or before the fifteenth day following the end of each calendar quarter.

TAX RATE: The rate of tax for each calendar year quarter shall be $.05/ton of molybdenum ore. For taxable quarters beginning

on or after July 1, 1999 the first 625, 000 tons of ore shall be exempt from the tax.

TAX COMPUTATION:

Name of Mine Listed with the Colorado Division of Mines:

County or Counties in Which Mine is Located:

Number of Tons of Ore Mined:

1. Total Tons Mined ......................................................................................................................

< 625,000>

2. Exemption .................................................................................................................................

3. Total Taxable tons mined (Line 4 minus line 5) ........................................................................

4. Tax (Line 6 X tax rate) ...............................................................................................................

IMPACT ASSISTANCE CREDIT: A credit against the severance is allowed with respect to contributions of property or money

to units of local government for planning, deemed to be necessary because of new severance operation or the increase in

production at an existing operation. The amount of the credit must be certified by the Executive Director of the Department of

Local Affairs.

INTEREST AND PENALTY: If the return is filed after the due date, interest at the current statutory rate will accrue on any

balance of tax due until paid. A penalty of the larger of $30.00 or 30% of the balance of tax due will be assessed on any

delinquently filed return.

INFORMATION: Forms and information are available at or (303) 238-SERV (7378).

Form Dr 0022 - Colorado Severance Tax Return Molybdenum Ore Page 2