Mining Tax Guide - Minnesota State Legislature

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Company Figure 24 Occupation Tax Mine Value and Occupation Tax Paid Employment 2009 2010 Production year 1 An automatic seven-month extension is granted if 90 percent of the tax is paid May 1. The exact tax liability for the year will not be known until December 1. * This amount includes both Minntac and Keewatin Taconite. Figure 25 Occupation Tax Paid by Company Hibbing Tac $7 $1,141 $1,525 $2,175 $2,260 $5,420 $0 $300 Arcelor-Mittal 35 124 240 130 680 1,137 0 0 National Steel* 0 0 0 0 0 0 0 0 Northshore 0 41 25 280 832 1,563 340 707 United Tac 0 354 770 151 1,086 2,600 0 2,010 USS - Minntac 1,400 3,104 4,000** 5,000** 5,500** 12,668** 0 9,600 USS - Keetac 0 147 Taconite total $1,442 $4,911 $6,560 $7,736 $10,358 $23,388 $340 $12,617 Mesabi Nugget $- $- $- $- $- $- $- $0 Direct-reduced iron (DRI) total $- $- $- $- $- $- $- $0 Magnetation $- $- $- $- $- $- $- $0 Natural ore total $- $- $- $- $- $- $- $0 34 2010 mine value Occupation tax paid 1 (preliminary) Natural ore totals 30 37 89,581 $5,288,303 $0 2003 (000’s) 2004 (000’s) 2005 (000’s) 2010 tons produced Hibbing Taconite 310 631 5,715,605 $465,566,148 $300,000 Arcelor-Mittal Steel 330 339 2,820,686 225,998,306 0 Northshore 520 575 4,766,315 375,038,899 707,000 USS-Keetac 86 416 4,905,833 390,810,677 USS-Minntac 911 1,264 12,758,854 1,035,090,767 9,600,000* United Taconite 500 499 5,016,273 397,208,477 2,010,000 Taconite totals 2,657 3,724 35,983,566 $2,889,713,274 $12,617,000 Mesabi Nugget Direct-reduced iron (DRI) N/A N/A 73,817 $33,198,250 $0 totals N/A N/A 73,817 $33,198,250 $0 Magnetation 30 37 89,581 $5,288,303 $0 Grand total 2,687 3,761 36,146,964 $2,928,199,827 $12,617,000 2006 (000’s) 2007 (000’s) 2008 (000’s) 2009 (000’s) 2010 (000’s) Total tax paid $1,442 $4,911 $6,560 $7,736 $10,358 $23,388 $340 $12,617 *The former National Steel is now USS-Keewatin Taconite (Keetac). ** USS-Minntac & USS-Keetac file a combined return.
Figure 26 Crude Ore Mined Company 2006 2007 2008 2009 2010 Hibbing 30,112,137 26,933,580 30,128,712 6,349,651 22,382,563 ArcelorMittal 8,399,603 8,410,874 9,365,603 5,063,436 8,823,871 Northshore 14,673,313 14,726,050 16,088,445 9,347,193 14,822,905 USS-Keetac 19,027,394 18,469,209 16,676,218 98,314 17,222,273 USS-Minntac 49,243,592 46,507,446 50,260,588 25,741,232 46,351,217 United Taconite 13,217,150 15,333,917 14,909,308 11,083,501 15,232,718 Totals: 134,673,189 130,381,076 137,428,874 57,683,327 124,835,547 This section intentionally left blank. 35
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 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: Year Figure 23 Occupation Tax Mine
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

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