Form Sev 501 - Severance Tax Return On All Coal Products Page 2
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1
2For additional information, contact the Taxpayer Services Division in one of our Department of Revenue Offices:
Jackson
Johnson City
Knoxville
Memphis
Nashville
Chattanooga
(731) 423-5747
(423) 854-5321
(865) 594-6100
(901) 213-1400
(615) 253-0600
(423) 634-6266
Suite 350
Room 405 B
204 High Point Drive
Suite 300
3150 Appling Road
Andrew Jackson Building
State Office Building
Lowell Thomas Building
7175 Strawberry
500 Deaderick Street
540 McCallie Avenue
225 Martin Luther King Blvd.
Plains Pike
Tennessee residents can also call our statewide toll free number at 1-800-342-1003.
Out-of-state callers must dial (615) 253-0600.
INSTRUCTIONS
General:
The term "coal products" shall mean coal ore and any other substance that might be severed from the earth by the process of
producing salable coal, by whatever method of severance used. The tax is levied upon the entire production in the state regardless
of the place of sale or the fact that delivery may be outside the state. The owner shall become liable at the time the coal products
are severed from the earth and ready for sale, whether before processing or after processing as the case may be.
Due Date:
The return along with the appropriate tax payments are due to be filed on or before the 15th day of the month following the period
covered.
Penalty and
If filed late, penalty and interest will accrue until the date the return is filed and the payment is made. See the instructions for
Lines 4 and 5 below.
Interest:
Filing:
Make your check payable to the Tennessee Department of Revenue for the amount shown on Line 6 of the return and mail with
the return to: Tennessee Department of Revenue, Andrew Jackson State Office Building, 500 Deaderick Street, Nashville, TN
37242.
Amended
Return:
If this is an "Amended Return", please indicate "Filing Period" and check appropriate box on the front of form.
COMPUTATION OF TAX
1. Total number of tons from coal products severed from the earth.
2. Multiply the total number of tons (Line 1) by the appropriate rate, as indicated: (1) for reporting periods ending prior to July 1, 2009 - twenty
cents per ton; (2) for reporting periods beginning on or after July 1, 2009, through June 30, 2011 - fifty cents per ton; (3) for reporting periods
beginning on or after July 1, 2011, through June 30, 2013 - seventy-five cents per ton; (4) for reporting periods beginning on or after July 1,
2013 - one dollar per ton.
3. Enter outstanding credit amount from previous Department of Revenue notice(s).
4. If the return is filed or payment is made after the due date reflected on the return, compute the amount of penalty due for the number of days
delinquent. Penalty is computed as follows: 1 - 30 days = 5%; 31 - 60 days = 10%; 61 - 90 days = 15%; 91 - 120 days = 20%; 121 days and
over = 25%. The maximum penalty amount is 25%. The minimum penalty amount is $15, even if no tax is due.
5. If the payment is made after the due date reflected on the return, compute the amount of interest due. Interest is computed using the following
formula: (Line 2 minus Line 3) x (current interest rate) x (number of days delinquent) / (365.25).
6. Add Lines 2, 4, and 5; subtract Line 3 if applicable.
Check appropriate box
If your account number is not preprinted on the front of the return,
and fill in number below:
enter your social security number (SSN) or Federal Employer
FEIN or SSN
Identification Number (FEIN) in the spaces provided.
Name of Production
Unit (Mine name) _________________________________________
Under the penalties of perjury, I declare that I have examined this report, and to the best
of my knowledge, it is true, correct and complete.
Location of Unit ___________________________________________
SIGN
HERE
County __________________________________________________
Taxpayer Signature
Date
SIGN
HERE
Kind of Product Sold (Grade) ________________________________
Preparer other than taxpayer
Date
State Mine License No. ____________________________________
Tax Preparer's Address
INTERNET (07-09)
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