Fillable Form 5010 - Severance Tax Report Undrground Coal printable pdf download

SEVERANCE TAX REPORT FOR UNDERGROUND COAL

Production Period: Enter the production period (month and year of the

(Form 5010) INSTRUCTIONS (revised 2/2000)

production reported). If you qualify to file annually, report the

WHO MUST FILE - All taxes on production shall be remitted by the

production period as December (for example, 12/2000).

Form Type: Indicate if the report filed is an original (O) or an

operator or his duly authorized agent. Severance taxes are determined

from the gross production in the current calendar year.

amended (A) report. Do not report original and amended line items on

the same Form 5010.

WHEN TO FILE - Severance tax reports and payment in-full must

Mine Group Number: Enter the Mine Group Number (the 5-digit

be postmarked by the 25th day of the second month following the

number beginning with a 9) for each line item reported, as assigned by

month of production. If a taxpayer’s total liability for severance tax

the Department of Revenue. If you are reporting a mine group which

was less than $30,000 for the preceding calendar year, monthly

reporting and payment requirements are waived and the taxpayer shall

has not been assigned a Mine Group Number, leave this box blank.

report and pay the tax annually, by February 25th of the year following

Rate Code: Enter the proper Rate Code for each line item reported. The

the year of production. If a severance tax report shows tax due, the

Rate Code for coal subject to the 3.75% severance tax rate is “BAS”. The

taxpayer shall pay the tax due when the report is filed. If a taxpayer

Rate Code for coal which qualifies for the $.30 severance tax per ton

does not file severance tax reports and pay the total tax due by the due

limitation is “30C”. A line item with the “BAS” Rate Code must be filed

date, the severance tax is delinquent and is subject to penalty and

for each Mine Group Number. A separate line item with the “30C” Rate

interest.

Code may be filed for each Mine Group Number with production which

qualifies for the $.30 severance tax per ton limitation. Do not include the

FOR ASSISTANCE - For assistance with any Wyoming solid

production, sales, or taxable value of $.30 coal in the information reported

mineral

under the “BAS” Rate Code. Rate Code “30C” may only be filed by those

tax question, please call the Mineral Tax Division of the Department

producers with coal production sold under contracts which qualify for

the $.30 severance tax per ton limitation allowed under Wyoming

Revenue at (307) 777-7983.

Statute 39-14-105(b). Producers must submit a letter to the

Department for each coal sales agreement which you think qualifies

Coal is assessed for mineral taxation purposes in accordance with

for the $.30 severance tax per ton limitation.

Wyoming Statute 39-14-103. For additional information on the

valuation of coal, refer to Wyoming Statute 39-14-203 and Chapter 6

Tons Sold: Enter the tons of coal sold during the production period.

of the Rules of the Wyoming Department of Revenue.

Sales Value: Enter the sales value of coal sold during the production

GENERAL INSTRUCTIONS - Please complete a Severance Tax

period.

Report For Underground Coal (Form 5010), using production, sales,

and taxable value information for the production period reported. IF

Tons Mined: Enter the tons of coal mined during the production

YOU ARE A MONTHLY FILER, DO NOT REPORT YEAR-

period.

TO-DATE TOTALS FOR TONS SOLD, SALES VALUE, TONS

MINED OR TAXABLE VALUE. REPORT ONLY THE TONS

Taxable Value: Enter the taxable value of the tons of coal mined

SOLD, SALES VALUE, TONS MINED AND TAXABLE VALUE

during the production period. Compute the taxable value in

FOR THE PRODUCTION PERIOD REPORTED. All information

accordance with Wyoming Statute 39-14-103.

provided should be determined on the accrual basis of accounting, in

accordance with generally accepted accounting principles. Round all

Total Tax Due: For Rate Code “BAS”, enter the result of multiplying

figures to the nearest whole number except where otherwise

the Taxable Value by 3.75%, rounded to 2 decimal places (for

instructed. Fill out the report completely, on the forms provided by the

example, $100.12). For Rate Code “30C”, enter the result of

Department. Do not substitute computer generated forms. If the report

multiplying the Tons Mined by $.30, rounded to 2 decimal places.

is not filled out completely and accurately, the report may be

considered delinquent and may be subject to penalty and interest. The

Previous Tax Paid (amends): For amended reports only. Report the

sum of the taxable values reported on your monthly severance tax

severance tax previously paid for this Mine Group Number and Rate

reports must equal the total taxable value of your coal production for

Code. If this is an original report, enter 0.

the calendar year.

Current Tax Due: Enter the result of subtracting Previous Tax Paid

NOTE: Production, sales, taxable value, and tax due information must

from Total Tax Due.

still be reported separately for each mine, using the Mine Group

Number assigned by the Department of Revenue. However you may

Page Total: Enter the sum of the Current Tax Due column on this Form

now report information for more than one Mine Group Number on

5010.

separate lines of the same Form 5010. You may also report

information on production which qualifies for the $.30 severance tax

Payment Amount: Enter the payment submitted with your report(s).

per ton limitation on a separate line of the same form with your

information on production subject to the 3.75% severance tax rate.

AMENDMENT - Form 5010 is now filed on a monthly basis. Year-

to-date information is no longer reported on each monthly severance

Operator ID: Enter the operator ID number (the 4-digit number

report. Corrections to information reported may be implemented for

beginning with a 9) assigned to you by the Department of Revenue. If

each production period by filing amended severance reports. Amended

an operator ID has not been assigned to you, leave this box blank.

reports must be filed in accordance with the statute of limitations

described in W.S. 39-14-108. Report the corrected replacement value

Operator Name: Enter the Operator Name. Do not enter the name of the

for Tons Sold, Sales Value, Tons Mined, and Taxable Value on your

contact person or tax agent.

amended reports. Please indicate the Form Type as (A). Do not report

original and amended line items on the same Form 5010.

Contact Name and Contact Phone #: Enter the name and phone number of

the person the Department of Revenue may contact about this report.

Form 5010 - Severance Tax Report Undrground Coal

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