(a) In Except as provided in sub. (7), with
respect to mines not in 6
operation on November 28, 1981, there is imposed upon persons engaged in mining 7
metalliferous minerals in this state a net proceeds occupation tax effective on the 8
date on which extraction begins to compensate the state and municipalities for the 9
loss of valuable, irreplaceable metalliferous minerals. The amount of the tax shall 10
be determined by applying the rates established under sub. (5) to the net proceeds 11
of each mine. The net proceeds of each mine for each year are the difference between 12
the gross proceeds and the deductions allowed under sub. (4) for the year.".
70.375 (5) Rates.
(intro.) The Except as provided in sub. (7), the
tax to be 4
assessed, levied and collected upon persons engaging in mining metalliferous 5
minerals in this state shall be computed at the following rates:
70.375 (7) Per ton rate.
(a) Notwithstanding subs. (2) and (5), for mines in 8
operation after December 31, 2012, the tax assessed, levied, and collected from a 9
person engaged in mining ferrous minerals in this state is an amount equal to $2 for 10
each 2,240 pounds of ferrous minerals extracted by the person from mines in this 11
state, based on the average annual amount extracted during the current year and 12
the previous 2 years, not including any year in which the person is not extracting 13
ferrous minerals from mines in this state.
(b) Beginning in 2014, and in each year thereafter, the department shall change 15
the dollar amount rate under par. (a) to reflect the percentage change in the gross 16
domestic product implicit price deflator from the 4th quarter of the 2nd preceding 17
year to the 4th quarter of the preceding year, as determined by the federal 18
department of commerce.".