011-6 Wyo. Code R. §§ 6-11 - Taxable Value of Mineral Production
(a) The value of
the gross product as determined pursuant to these rules constitutes the taxable
value; provided, however, that any portion of the gross product of a mineral
attributable to an exempt interest shall not be subject to an ad valorem or
severance tax.
(b) After the
Department has determined the taxable value of a mineral, it shall immediately
notify by mail the operator or interest owner of the values so
determined.
(c) For ad valorem tax
purposes, the Department shall annually certify pursuant to
W.S.
39-14-102(d) for coal, W.S.
W.S. W.S.
39-14-202(a)(iu) for natural
gas, crude oil or lease condensate, W.S. W.S.
W.S.
39-14-302(d) for trona, W.S.
W.S. W.S.
39-14-402(c) for bentonite,
W.S. W.S. W.S. 39-14-502(c)
for uranium, W.S. W.S.
W.S.
39-14-602(c) for sand and
gravel, W.S. W.S.
W.S.
39-14-702(c) for other
valuable deposits the taxable value of mineral production to the county
assessor in which the mine or oil and gas property is located.
Notes
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