§ 39-29-104 — Tax on severance of molybdenum ore

Colorado § 39-29-104

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Severance Tax

Text

(1) In addition to any
other tax, there shall be levied, collected, and paid for each calendar quarter a tax
upon the severance of all molybdenum ore in this state. Such tax shall be levied
against every person engaged in the severance of molybdenum ore. The rate of the
tax for each calendar quarter shall be five cents per ton of molybdenum ore. On and
after July 1, 1999, no tax provided for in this section shall be imposed on the first six
hundred twenty-five thousand tons of molybdenum ore produced each quarter of
the taxable year.

(2) Such actual severance shall be reported on quarterly declaration forms
prescribed by the executive director. Such forms shall be filed with and the tax
owed shall be paid to the department of revenue on or before the fifteenth day
following the end of each such quarter.

Legislative History

Source: L. 77: Entire article added, p. 1846, � 1, effective January 1, 1978. L. 86: Entire section amended, p. 1135, � 1, effective April 1. L. 88: IP(1) amended and (1)(a) to (1)(c) repealed, p. 1343, �� 1, 2, effective March 4. L. 94: (1) amended, p. 334, � 1, effective March 29. L. 99: (1) amended, p. 926, � 3, effective May 24. L. 2008: (1) amended, p. 1680, � 3, effective August 5.