On page 1, line 2, of the House Agriculture and Natural Resources Engrossed bill, after "tax" insert ", and to set the tax rate for lithium severed in this state"
On page 1, after line 10, of the House Agriculture and Natural Resources Engrossed bill, insert: "
Section 2. That ยง 10-39-45.1 be AMENDED:
10-39-45.1.
In addition to any
other tax imposed in chapter 10-39,
there is imposed a tax of ten percent of the net profits from the
sale of
precious metals
gold and silver
severed in this state.
In addition to any other tax imposed in chapter 10-39, there is imposed a tax of five percent of the net profits from the sale of lithium severed in this state."