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Senate raises mineral severance rates slightly and advances amended bill
1990 Utah Legislature - Senate Floor · February 16, 1990
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Summary
Senate Bill 199, which raises severance tax rates for metals from 2.4% to 2.6% and adjusts valuation percentages for copper and beryllium, passed the Senate after floor debate; sponsor said proceeds would ideally be dedicated to a school trust fund for education programs.
Senate Bill 199, a package of changes to the severance-tax treatment of minerals, was reported out of committee with a long set of amendments and advanced on the Senate floor. Sponsor Senator Hilliard described the bill as increasing the severance-rate for taxed metals from 2.4% to 2.6%,…
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