Utah § 59-2-207 - Statements for mines -- Penalty for failure to file statement or information -- Assessment without statement -- Penalty -- Waiver, reduction, or compromise of penalty -- Extension of time for filing statement -- Appeals.
Full text of Utah Utah Code § 59-2-207 — Statements for mines -- Penalty for failure to file statement or information -- Assessment without statement -- Penalty -- Waiver, reduction, or compromise of penalty -- Extension of time for filing statement -- Appeals., with citation guidance and answers to common questions.
§ 59-2-207. Statements for mines -- Penalty for failure to file statement or information -- Assessment without statement -- Penalty -- Waiver, reduction, or compromise of penalty -- Extension of time for filing statement -- Appeals.
59-2-207.
Statements for mines -- Penalty for failure to file statement or information -- Assessment without statement -- Penalty -- Waiver, reduction, or compromise of penalty -- Extension of time for filing statement -- Appeals.
(1)
(a)
A person, or an officer or agent of that person, owning or operating property described in Subsection (1)(b) shall file with the commission, on a form prescribed by the commission, a sworn statement on or before March 1 of each year:
(i)
showing in detail all real property and tangible personal property located in the state that the person owns or operates; and
(ii)
containing any other information the commission requires.
(b)
Subsection (1)(a) applies to the following property:
(i)
a mine;
(ii)
a mining claim; or
(iii)
a valuable mineral deposit, including lands containing coal or hydrocarbons.
(c)
(i)
The commission may allow an extension for filing the statement under Subsection (1)(a) for a time period not exceeding 30 days, unless the commission determines that extraordinary circumstances require a longer period of extension.
(ii)
The commission shall grant a person, or an officer or agent of that person, an extension for filing the statement under Subsection (1)(a) for a time period not exceeding 15 days if:
(A)
a federal regulatory agency requires the taxpayer to file a statement that contains the same information as the statement under Subsection (1)(a); and
(B)
the person, or an officer or agent of that person, requests the commission to grant the extension.
(2)
The commission shall assess and list the property described in Subsection (1)(b) using the best information obtainable by the commission if a person, or an officer or agent of that person, fails to file the statement required under Subsection (1)(a) on or before the later of:
(a)
March 1; or
(b)
if the commission allows an extension under Subsection (1)(c) for filing the statement, the day after the last day of the extension period.
(3)
(a)
Except as provided in Subsection (3)(c), the commission shall assess a person a penalty as provided in Subsection (3)(b), if the person, or an officer or agent of that person, fails to file:
(i)
the statement required under Subsection (1)(a) on or before the later of:
(A)
March 1; or
(B)
if the commission allows an extension under Subsection (1)(c) for filing the statement, the day after the last day of the extension period; or
(ii)
any other information the commission determines to be necessary to:
(A)
establish valuations for assessment purposes; or
(B)
apportion an assessment.
(b)
The penalty described in Subsection (3)(a) is an amount equal to the greater of:
(i)
10% of the person's estimated tax liability under this chapter for the current calendar year not to exceed $50,000; or
(ii)
$100.
(c)
(i)
Notwithstanding Subsections (3)(a) and (4), the commission may waive, reduce, or compromise a penalty imposed under this section if the commission finds there are reasonable grounds for the waiver, reduction, or compromise.
(ii)
If the commission waives, reduces, or compromises a penalty under Subsection (3)(c)(i), the commission shall make a record of the grounds for waiving, reducing, or compromising the penalty.
(4)
The county treasurer shall collect the penalty imposed under Subsection (3) as provided in Section 59-2-1308.
Section 59-2-207 ("Statements for mines -- Penalty for failure to file statement or information -- Assessment without statement -- Penalty -- Waiver, reduction, or compromise of penalty -- Extension of time for filing statement -- Appeals.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 59-2-207?
A common citation format is "Utah Code § 59-2-207" (Utah). 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 Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 59-2-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
