SB1-SSA2-SA1,1,125
70.375
(2) (a)
In Except as provided in sub. (7), with respect to mines not in
6operation on November 28, 1981, there is imposed upon persons engaged in mining
7metalliferous minerals in this state a net proceeds occupation tax effective on the
8date on which extraction begins to compensate the state and municipalities for the
9loss of valuable, irreplaceable metalliferous minerals. The amount of the tax shall
10be determined by applying the rates established under sub. (5) to the net proceeds
11of each mine. The net proceeds of each mine for each year are the difference between
12the gross proceeds and the deductions allowed under sub. (4) for the year.".
SB1-SSA2-SA1,2,53
70.375
(5) Rates. (intro.)
The Except as provided in sub. (7), the tax to be
4assessed, levied and collected upon persons engaging in mining metalliferous
5minerals in this state shall be computed at the following rates:
SB1-SSA2-SA1,2,137
70.375
(7) Per ton rate. (a) Notwithstanding subs. (2) and (5), for mines in
8operation after December 31, 2012, the tax assessed, levied, and collected from a
9person engaged in mining ferrous minerals in this state is an amount equal to $2 for
10each 2,240 pounds of ferrous minerals extracted by the person from mines in this
11state, based on the average annual amount extracted during the current year and
12the previous 2 years, not including any year in which the person is not extracting
13ferrous minerals from mines in this state.
SB1-SSA2-SA1,2,1814
(b) Beginning in 2014, and in each year thereafter, the department shall change
15the dollar amount rate under par. (a) to reflect the percentage change in the gross
16domestic product implicit price deflator from the 4th quarter of the 2nd preceding
17year to the 4th quarter of the preceding year, as determined by the federal
18department of commerce.".
