Colorado § 39-29-103 - Tax on severance of metallic minerals.
Full text of Colorado Colorado Revised Statutes § 39-29-103 — Tax on severance of metallic minerals., with citation guidance and answers to common questions.
§ 39-29-103. Tax on severance of metallic minerals.
(1) In addition to any other tax, there shall be levied, collected, and paid for each taxable year a tax upon the severance from the earth in this state of all metallic minerals as to all such severance occurring on and after January 1, 1978. Such tax shall be levied against every mining operation engaged in the severance of metallic minerals and shall be based upon the gross income of such mining operation. The rate of the tax for all metallic minerals shall be as follows:
(a) For taxable years commencing prior to July 1, 1999:
Amount of gross income
Percentage tax on gross income
First $11,000,000
No tax
Amount exceeding $11,000,000
2.25%
(b) For taxable years commencing on or after July 1, 1999:
Amount of gross income
Percentage tax on gross income
First $19,000,000
No tax
Amount exceeding $19,000,000
2.25%
(2) There shall be allowed, as a credit against the tax computed in accordance with subsection (1) of this section, an amount equal to all ad valorem taxes assessed during the taxable year in the case of accrual basis taxpayers or paid during the taxable year in the case of cash basis taxpayers on producing mines valued for assessment pursuant to section 39-6-106. Such credit shall not exceed fifty percent of the tax computed in accordance with subsection (1) of this section.
Source: L. 77: Entire article added, p. 1845, § 1, effective January 1, 1978. L. 99: (1) amended, p. 925, § 2, effective May 24. L. 2008: IP(1) amended, p. 1679, § 2, effective August 5.
Cross references: For the legislative declaration contained in the 1999 act amending subsection (1), see section 1 of chapter 235, Session Laws of Colorado 1999.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-29-103
What does Colorado Revised Statutes § 39-29-103 cover?
Section 39-29-103 ("Tax on severance of metallic minerals.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 39-29-103?
A common citation format is "Colorado Revised Statutes § 39-29-103" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 39-29-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.