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 f
59-2-207. Statements for mines -- Penalty for failure to file statement orinformation -- Assessment without statement -- Penalty -- Waiver, reduction, orcompromise of penalty -- Extension of time for filing statement -- Appeals.
(1) (a) A person, or an officer or agent of that person, owning or operating propertydescribed in Subsection (1)(b) shall file with the commission, on a form prescribed by thecommission, 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 statethat 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 thatextraordinary circumstances require a longer period of extension.
(ii) The commission shall grant a person, or an officer or agent of that person, anextension for filing the statement under Subsection (1)(a) for a time period not exceeding 15 daysif:
(A) a federal regulatory agency requires the taxpayer to file a statement that contains thesame 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 theextension.
(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 thatperson, 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 thestatement, 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 apenalty as provided in Subsection (3)(b), if the person, or an officer or agent of that person, failsto 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 thestatement, 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 calendaryear not to exceed $50,000; or
(ii) $100.
(c) (i) Notwithstanding Subsections (3)(a) and (4), the commission may waive, reduce, orcompromise 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, orcompromising the penalty.
(4) The county treasurer shall collect the penalty imposed under Subsection (3) asprovided in Section 59-2-1308.
(5) A person subject to a penalty under Subsection (3) may appeal the penalty accordingto the procedures and requirements of Title 63G, Chapter 4, Administrative Procedures Act.
Amended by Chapter 382, 2008 General Session