Mining Tax Guide - Minnesota State Legislature

Minnesota Taxes Levied on Taconite
Figure 4
Use tax
(net)
School bonds
1
Production Occupation
tax
tax2 Royalty tax3 Production Unmined
Railroad gross
Total taxes
Total taxes
year(s) taconite tax
earnings tax per ton
4
Total tons
produced5 1951-55 – – $178,523 – $57,671 $122,625 $11,083 $369,902 N/A N/A
1956-60 – – 2,457,832 $1,046,907 1,730,615 6,410,394 2,570,566 14,216,314 42,259,000 $.34
1961-65 – – 4,884,757 6,830,282 1,926,246 8,372,662 5,843,668 27,857,615 81,923,000 .34
1966-70 $64,000 – 12,558,526 10,726,680 3,519,487 7,518,661 7,982,248 42,369,602 145,015,000 .29
1971-75 64,000 $7,214,111 65,013,384 44,909,601 9,262,076 3,841,750 12,321,573 142,626,495 192,013,000 .74
1976-80 471,966 45,967,313 324,497,931 78,350,978 18,142,273 852,437 14,733,733 483,016,631 214,883,632 2.25
1981-85 1,573,792 36,976,524 376,270,806 63,263,212 20,447,300 2,740,712 10,904,721 512,177,067 166,940,177 3.07
1986-90 1,850,555 42,451,323 308,322,812 16,989,611 9,581,602 3,935,120 4,739,807 388,084,052 178,831,169 2.21
1991 349,551 11,385,280 82,411,317 2,007,906 – 994,841 263,692 97,412,587 39,921,950 2.44
1992 355,596 11,255,028 82,035,382 1,551,335 – 1,010,205 139,193 96,346,739 38,849,871 2.48
1993 352,119 11,663,161 80,195,972 1,708,731 – 1,020,631 143,079 95,411,832 39,850,287 2.39
1994 488,176 13,136,780 81,500,355 2,301,596 – 917,810 140,841 98,485,558 41,676,909 2.36
1995 467,946 14,494,154 85,704,654 3,158,565 – 925,112 233,034 104,983,465 45,001,184 2.33
1996 455,792 11,980,487 90,512,836 2,460,000 – 612,273 123,682 106,145,070 43,873,638 2.42
1997 444,630 11,920,451 94,704,666 2,508,206 – 705,767 122,694 110,406,414 44,815,648 2.46
1998 402,543 8,186,527 94,268,103 2,121,421 – 659,039 121,413 105,759,046 44,323,992 2.39
1999 401,764 4,412,174 93,063,942 2,225,000 – – 116,326 100,219,206 41,292,907 2.43
2000 397,428 6,131,394 94,540,947* 2,183,000 – – 108,262 103,361,031 44,959,816 2.30
2001 316,140 (1,652,702) 72,842,808* 56,153 – – 71,861 71,634,260 31,628,494 2.26
2002 317,033 844,287 74,814,128* 1,340,700 – – 24,636 77,340,784 37,511,567 2.06
2003 300,173 1,197,577 72,497,652* 1,441,500 – – 20,483 75,457,385 34,349,480 2.20
2004 273,601 8,514,814 79,262,806* 5,659,500 – – 17,208 93,727,929 39,411,027 2.38
2005 261,687 7,825,884 78,544,450 6,650,000 – – 14,287 93,206,308 39,534,759 2.36
2006 532,102 8,744,868 84,451,384 7,736,000 – – 13,135 101,477,489 38,948,144 2.61
2007 495,033 6,603,598 85,644,627 10,358,000 – – 12,275 103,113,533 37,985,921 2.71
2008 466,991 9,554,673 89,630,648 23,388,181 – – 8,977 123,049,470 39,167,810 3.14
2009 238,274 (2,835,766) 74,255,473 340,000 – – 9,612 72,007,593 17,079,106 4.22
2010 239,518 17,101,895 72,441,708 12,617,000 – – 10,137 102,410,258 35,122,570** 2.92
4
Taxes often levied (assessed) for one year and paid in the following year
1. Total use tax less total refunds paid after 1990, see Figure 33.
2. Amount Paid (unaudited).Does not include adjustments.
3. Repealed effective after December 31, 1989.
4. Repealed effective after December 31, 1988. Beginning with payable 1990, taconite railroads were taxed on an ad valorem basis.
5. Tons are without flux additive beginning in 1987. Beginning in 1990, production tons are reported dry.
* Full amount of tax levied. Does not include bankruptcy adjustments.
** Includes 73,817 tons produced by Mesabi Nugget but not taxed under production tax.