Mining Tax Guide - Minnesota State Legislature
Mining Tax Guide - Minnesota State Legislature Mining Tax Guide - Minnesota State Legislature
County Taconite Production Tax Distribution to Counties - 2011 Production year 2010 (Does not include dollars from taconite property tax relief) Regular county 15.525 cents Figure 13 Road and bridge 10.525 cents Figure 14 Taconite Production and Tax Revenue by Company Production year 2010 * The taxable tonnage is the average production of the current year and previous two years. Magnetation pays on current year only. 20 Taconite railroad Cook $ 92,607 – $187,190 $ 279,797 Itasca 743,128 $ 261,432 – 1,004,560 Lake 624,032 219,386 243,034 1,086,452 St. Louis 7,402,800 3,177,143 354,153 10,934,096 Total $8,862,567 $3,657,961 $784,377 $13,304,905 Company Production Tons Taxable Tonnage* Production Tax Rate Total Tax Assessed Hibbing Taconite 5,697,457 5,149,778 $2.380 $ 12,256,472 ArcelorMittal 2,604,162 2,180,249 2.380 5,188,993 Magnetation 8,705 8,705 2.380 20,718 Northshore 4,599,796 4,326,796 2.380 10,297,774 USS-Keetac 4,883,724 3,207,369 2.380 7,633,538 USS-Minntac 12,226,427 10,967,341 2.380 26,102,272 United Taconite 5,028,482 4,597,454 2.380 10,941,941 Total 35,048,753 30,437,692 $2.380 $72,441,708
Million Tons 40 35 30 25 20 15 10 5 0 21. 2 18 1993 23. 9 17. 8 1994 29. 1 15. 9 1995 28. 8 1996 The Changing Trends in Minnesota Taconite Production 15. 1 30. 1 14. 7 1997 29. 9 13. 9 1998 34. 6 6.3 1999 37. 6 7.3 2000 Figure 15 2010 Taxable Production by Product Type Company Acid Fluxed Partial fluxed* Pellets Chips and Fines 30. 1 1.5 2001 21 Acid 35. 0 2.5 2002 29. 2 5.1 2003 Fluxed and Partial Fluxed* Hibbing – – 5,697,457 – – – 5,697,457 ArcelorMittal – 2,502,296 – – 101,681 185 2,604,162 Magnetation – – – – – 8,705 8,705 Northshore – – 4,527,335 – 72,461 – 4,599,796 USS - Keetac – – 4,774,534 – 80,309 28,881 4,883,724 USS - Minntac – 12,202,743 – – 23,684 – 12,226,427 United Taconite – – 4,910,468 – 82,002 36,012 5,028,482 Total: 0 14,705,039 19,909,794 – 360,137 73,783 35,048,753 *Partially fluxed pellets contain less than 2 percent flux. Acid Pellets Figure 16 Fluxed Pellets (incl.partial fluxed) 36. 6 2.8 2004 35. 3 4.3 2005 36. 1 2.9 2006 Conc. 35. 6 2.4 2007 37. 0 2.2 2008 17.1 0.0 2009 Total 35.0 0.0 2010
- Page 1 and 2: This document is made available ele
- Page 3 and 4: 2011 PRODUCTION TAX DISTRIBUTION ..
- Page 5 and 6: The Minnesota Mining Tax Guide is p
- Page 7 and 8: Figure 3 History of Minnesota Tacon
- Page 9 and 10: Definition The taconite production
- Page 11 and 12: Distribution of Funds (M.S. 298.28)
- Page 13 and 14: The index is calculated as follows:
- Page 15 and 16: (c) Occupation Tax Grandfather Amou
- Page 17 and 18: Douglas J. Johnson Economic Protect
- Page 19 and 20: Figure 8 Taconite Residential Homes
- Page 21 and 22: Name Figure 10 Taconite Production
- Page 23: 166 Cook County 5 1996 2016 $503,46
- Page 27 and 28: Year Production tons (000’s) Prod
- Page 29 and 30: Iron Range Resources & Rehabilitati
- Page 31 and 32: Figure 20 FY 12 Iron Range Resource
- Page 33 and 34: Figure 22 Taconite Industry Investm
- Page 35 and 36: Final Directive - 2010 Occupation T
- Page 37 and 38: Year Figure 23 Occupation Tax Mine
- Page 39 and 40: Figure 26 Crude Ore Mined Company 2
- Page 41 and 42: Figure 28 Taconite Industry Occupat
- Page 43 and 44: Income Tax Withholding on Mining an
- Page 45 and 46: Figure 31 Average Royalty Cost Per
- Page 47 and 48: Mandatory Electronic Payments If yo
- Page 49 and 50: Aggregate material is nonmetallic n
- Page 51 and 52: Ad Valorem Tax on Auxiliary Mining
- Page 53 and 54: 1996 4,448,800 1997 10,900 34,900 2
- Page 55 and 56: Ad Valorem Tax on Severed Mineral I
- Page 57 and 58: Taxes on Other Mining and Explorati
- Page 59 and 60: Occupation Tax-Corporate Income Tax
- Page 61 and 62: M.S. 298.225 — A Minnesota statut
- Page 63 and 64: Index Map - Minnesota Mesabi Map Se
County<br />
Taconite Production <strong>Tax</strong> Distribution<br />
to Counties - 2011<br />
Production year 2010<br />
(Does not include dollars from taconite property tax relief)<br />
Regular county<br />
15.525 cents<br />
Figure 13<br />
Road and bridge<br />
10.525 cents<br />
Figure 14<br />
Taconite Production and <strong>Tax</strong><br />
Revenue by Company<br />
Production year 2010<br />
* The taxable tonnage is the average production of the current year and previous two years. Magnetation pays on current year only.<br />
20<br />
Taconite<br />
railroad<br />
Cook $ 92,607 – $187,190 $ 279,797<br />
Itasca 743,128 $ 261,432 – 1,004,560<br />
Lake 624,032 219,386 243,034 1,086,452<br />
St. Louis 7,402,800 3,177,143 354,153 10,934,096<br />
Total $8,862,567 $3,657,961 $784,377 $13,304,905<br />
Company<br />
Production<br />
Tons<br />
<strong>Tax</strong>able<br />
Tonnage*<br />
Production<br />
<strong>Tax</strong> Rate<br />
Total<br />
<strong>Tax</strong><br />
Assessed<br />
Hibbing Taconite 5,697,457 5,149,778 $2.380 $ 12,256,472<br />
ArcelorMittal 2,604,162 2,180,249 2.380 5,188,993<br />
Magnetation 8,705 8,705 2.380 20,718<br />
Northshore 4,599,796 4,326,796 2.380 10,297,774<br />
USS-Keetac 4,883,724 3,207,369 2.380 7,633,538<br />
USS-Minntac 12,226,427 10,967,341 2.380 26,102,272<br />
United Taconite 5,028,482 4,597,454 2.380 10,941,941<br />
Total 35,048,753 30,437,692 $2.380 $72,441,708
Change language