Utah § 59-5-207 - Date tax due -- Extensions -- Installment payments -- Penalty on delinquencies -- Audit.
Full text of Utah Utah Code § 59-5-207 — Date tax due -- Extensions -- Installment payments -- Penalty on delinquencies -- Audit., with citation guidance and answers to common questions.
§ 59-5-207. Date tax due -- Extensions -- Installment payments -- Penalty on delinquencies -- Audit.
Effective 1/1/2025 59-5-207.
Date tax due -- Extensions -- Installment payments -- Penalty on delinquencies -- Audit.
(1)
The tax imposed by this chapter is due and payable on or before June 1 of the year next succeeding the calendar year when the mineral is produced and sold or delivered.
(2)
The commission may, for good cause shown upon a written application by the taxpayer, extend the time of payment of the whole or any part of the tax for a period not to exceed six months. If an extension is granted, interest at the rate and in the manner prescribed in Section 59-1-402 shall be charged and added to the amount of the deferred payment of the tax.
(3)
Every taxpayer subject to this chapter whose total tax obligation for the preceding calendar year was $3,000 or more shall pay the taxes assessed under this chapter in quarterly installments. Each installment shall be based on the estimated gross value received by the taxpayer during the quarter preceding the date on which the installment is due.
(4)
The quarterly installments are due as follows:
(a)
for January 1 through March 31, on or before June 1;
(b)
for April 1 through June 30, on or before September 1;
(c)
for July 1 through September 30, on or before December 1; and
(d)
for October 1 through December 31, on or before March 1 of the next year.
(5)
(a)
If the taxpayer fails to report and pay any tax when due, the taxpayer is subject to the penalties provided under Section 59-1-401, unless otherwise provided in Subsection (6).
(b)
An underpayment exists if less than 80% of the tax due for a quarter is paid.
(6)
The penalty for failure to pay the tax due or underpayment of tax may not be assessed if the taxpayer's quarterly tax installment payment equals 25% of the tax reported and paid by the taxpayer for the preceding taxable year.
(7)
There shall be no interest added to any estimated tax payments subject to a penalty under this section.
(8)
The commission may conduct audits to determine whether any tax is owed under this section.
(9)
Subject to Subsection 65A-17-306(7), for purposes of a Great Salt Lake extraction operator under Subsection 59-5-202(5), the Division of Forestry, Fire, and State Lands shall provide the commission by January 15 of each year the information required by Section 65A-17-306, that the commission shall use to determine the amount due and payable on June 1 of the year next succeeding the calendar year.
Section 59-5-207 ("Date tax due -- Extensions -- Installment payments -- Penalty on delinquencies -- Audit.") 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 § 59-5-207?
A common citation format is "Utah Code § 59-5-207" (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 § 59-5-207 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.
