Utah Statutes
§ 59-5-119 — Disposition of certain taxes collected on Navajo Nation land located in Utah.
Utah·Title 59 Revenue and Taxation·Ch. 59-5 Severance Tax on Oil, Gas, and Mining·Part 59-5-1 Oil and Gas Severance Tax
(1)Except as provided in Subsection (2), there shall be deposited into the Navajo Revitalization Fund established in Section 35A-8-1704 for taxes imposed under this part beginning on July 1, 1997:
(1)(a) 33% of the taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
(1)(a)(i) for which production began on or before June 30, 1996; and
(1)(a)(ii) attributable to interests in Utah held in trust by the United States for the Navajo Nation and its members; and
(1)(b) 80% of the taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
(1)(b)(i) for which production began on or after July 1, 1996; and
(1)(b)(ii) attributable to interests in Utah held in trust by the United States for the Navajo Nation and its members.
(2)(2)(a) The maximu
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Utah § 59-5-119 (Disposition of certain taxes collected on Navajo Nation land located in Utah.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 401, 2021 General Session
Nearby Sections
15
§ 59-1-1001
Statement of taxpayer rights.§ 59-1-1002
Audit interviews.§ 59-1-1003
Penalty waiver.§ 59-1-1004
Installment payments.§ 59-1-1005
Suits against commission and its employees.§ 59-1-101
Definitions.§ 59-1-103
Income Tax Surplus Restricted Account.§ 59-1-1101
Private collection of tax -- Fee.§ 59-1-1302
Definitions.