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H.B. 91 Enrolled
This act amends the Mineral Production Tax Withholding Act to provide that certain
organizations exempt from state corporate franchise or income taxes are exempt from
mineral production tax withholding, and to make technical changes. This act takes effect
on July 1, 2002.
This act affects sections of Utah Code Annotated 1953 as follows:
59-6-102, as last amended by Chapter 170, Laws of Utah 1993
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 59-6-102 is amended to read:
59-6-102. Producer's obligation to deduct and withhold payments -- Amount --
Exempt payments -- Credit against tax.
producer shall deduct and withhold from each payment being made to any person in respect to
production of minerals in this state, but not including that to which the producer is entitled, an
amount equal to 5% of the amount which would have otherwise been payable to the person entitled
to the payment.
payments as provided in Subsection (1) does not apply to those payments which are [
(a) the United States, this state, or [
Chapter 7, Corporate Franchise and Income Taxes, in accordance with Subsection 59-7-102 (1)(a);
the United States or [
the state in accordance with the following is entitled to a credit against the tax reflected on the return
for the amount withheld by the producer under Subsection (1)[
(i) Chapter 7, Corporate Franchise and Income Taxes;
(ii) Chapter 8, Gross Receipts Tax on Certain Corporations not Required to Pay Corporate
Franchise or Income Tax Act;
(iii) Chapter 8a, Gross Receipts Tax on Electrical Corporations Act; or
(iv) Chapter 10, Individual Income Tax Act.
(b) If the amount withheld under Subsection (1) is greater than the tax due on the return, the
person making the return is entitled to a refund in the amount of the overpayment.
Section 2. Effective date.
This act takes effect on July 1, 2002.
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