AGENCY: Utah State Tax Commission. Property Tax Division

SERIES: 14266
TITLE: Occupation tax and net proceeds returns
DATES: 1938-
ARRANGEMENT: Chronological by date.

DESCRIPTION: Occupation tax returns and net proceeds returns submitted by metalliferous mining companies (1938-), and oil and gas companies (1956-) to the Tax Commission as the basis for assessment of taxes. Both types of returns identify the mine or well owner and mines or wells involved. The occupation tax is based on the gross value of production. Net proceeds taxes are based on the value of mineral deposits, determined by calculating sales less business deductions over one or more years. The necessary information on production and sales and calculations are part of the respective returns.

The 1980 and 1984 occupation tax statements for both oil and gas and mines are missing. Starting in 1985 the individual volumes are labeled "Statements of Net Proceeds & 609 Variations."

RETENTION

Permanent. Retain for 10 year(s)

DISPOSITION

Transfer to Archives.

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

FORMAT MANAGEMENT

Paper: Retain in State Records Center for 10 years and then microfilm and destroy provided microfilm has passed inspection.

Microfilm master: Retain in State Archives permanently with authority to weed.

Microfilm duplicate: Retain in State Archives permanently with authority to weed.

APPRAISAL

Historical

This disposition is based on the historical perspective provided on the mining, oil, and gas industries in Utah as well as on the functions of the Tax Commission.

PRIMARY DESIGNATION

Protected. for 30 years because of competitive disadvantage.