Idaho § 47-1205 DEFINITION OF VALUABLE MINERAL

Idaho Statutes

§ 47-1205 — DEFINITION OF VALUABLE MINERAL

Idaho·Title 47 MINES AND MINING·Ch. 12 LICENSE TAX FOR PRIVILEGE OF MINING AND EXTRACTING ORES

The term "valuable mineral" for purposes of this act, shall be deemed to include not only gold, silver, copper, lead, zinc, coal, phosphate and limestone, but also any other substance not gaseous or liquid in its natural state, which makes real property more valuable by reason of its presence thereon or thereunder and upon which depletion is allowable pursuant to section 613 of the Internal Revenue Code, provided, however, that sand and gravel are not included in this definition.

Free access — add to your briefcase to read the full text and ask questions with AI

The term "valuable mineral" for purposes of this act, shall be deemed to include not only gold, silver, copper, lead, zinc, coal, phosphate and limestone, but also any other substance not gaseous or liquid in its natural state, which makes real property more valuable by reason of its presence thereon or thereunder and upon which depletion is allowable pursuant to section 613 of the Internal Revenue Code, provided, however, that sand and gravel are not included in this definition.

Idaho § 47-1205 (DEFINITION OF VALUABLE MINERAL) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.