Mining Tax Guide - Minnesota State Legislature

More documents

Recommendations

Info

Figure 21 Taconite Economic Development Fund Distribution to Northeast Minnesota Taconite Producers* Summary Payable 1993 through 2010 (on 1993 through 2010 production) Total per company 2011 Amount 2011 Project Description Company 1993 - 2010 United Taconite (1) $14,595,020 Project Pending Approval $1,524,271 $16,119,291 (former EVTAC Mining) Hibbing Taconite Company $28,341,545 Project Pending Approval $1,550,083 $29,891,628 ArcelorMittal Minorca Mine $10,529,081 Project Pending Approval $777,476 $11,306,557 (fomer Ispat Inland Mining Company) LTV Steel Mining Company $11,361,981 Facility Permanently Closed in 2001 $0 $11,361,981 U.S. Steel - KeeTac (2) $16,555,888 Project Pending Approval $1,095,354 $17,651,242 (former National Steel Pellet Company) 28 Northshore $15,872,429 Project Pending Approval $1,384,087 $17,256,516 U.S. Steel - Minntac $49,151,106 Project Pending Approval $3,329,354 $52,480,460 Magnetation Inc. $0 $12,980 $12,980 Totals $146,407,050 $9,673,605 $156,080,655** 10.4 cpt in 1993 15.4 cpt in 1994,1995 & 1996 20.4 cpt in 1997 15.4 cpt in 1998, 1999, 2000, & 2001 30.1 cpt in 2002 - 2007 20.1 cpt in 2008 for one year 30.1 cpt in 2009 A brief explanation of the TEDF is included on page 5. Note: cpt = cents per ton * In accordance with M.S. 298.227. ** Figure includes amounts pending (1) 2004 TEDF amount reduced $14,083 to $33,997 and 2005 TEDF amount reduced $202,163 to $922,583. (2) 2004 TEDF amount reduced $208,333 to $1,289,110 and 2005 TEDF amount reduced $252,854 to $1,374,096.
Figure 22 Taconite Industry Investments 1993 through 2011 Total Other assistance Producer Grant Program Taconite Economic Development Fund* Taconite Assistance Program Company United Taconite $2,000,000 $16,119,291 $2,263,294 $1,500,000 $20,358,314 (former EVTAC Mining) Hibbing Taconite Company 2,000,000 $29,891,628 $4,026,531 $1,000,000 $35,368,076 ArcelorMittal Minorca Mine 2,000,000 $11,306,557 $1,328,226 $13,857,307 (former Ispat Mining Company) LTV Steel Mining Company 2,000,000 $11,361,981 $2,675,966 $16,037,947 (Permanently closed in January 2001) U.S. Steel - Keewatin Taconite 2,000,000 $17,651,242 $2,327,192 $6,173,375 $27,056,455 (former National Steel Pellet Company) 29 Northshore Mining Company 2,000,000 $17,256,516 $2,033,805 $19,906,234 U.S. Steel - Minntac 2,000,000 $52,480,460 $6,811,172 $2,250,000 $60,212,278 Magnetation, Inc. $0 $12,980 $0 $0 $0 Total Investment $14,000,000 $156,080,655* $21,466,186 $10,923,375 $202,470,216 $202,470,216* Grand total * Figure includes amounts pending.
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 and 24: 166 Cook County 5 1996 2016 $503,46
Page 25 and 26: Million Tons 40 35 30 25 20 15 10 5
Page 27 and 28: Year Production tons (000’s) Prod
Page 29 and 30: Iron Range Resources & Rehabilitati
Page 31: Figure 20 FY 12 Iron Range Resource
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

Mining Tax Guide - Minnesota State Legislature

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?