The US’s Mining Fiscal Regime: H1 2015

US federal and state bodies and laws have separate roles and responsibilities with regards to resource exploration and development. Mineral resources, for example, are owned by state or federal governments rather than private individuals. GlobalData's Fiscal regime report covers the US, where, Department of Interior, Office of Surface Mining Reclamation and Enforcement, Mine Safety and Health Administration and the Environmental Protection Agency are the main governing bodies for mining , and the Mining Law 1972, Surface Mining Reclamation and Enforcement Act (SMRCA) are its apex laws.

Scope

The report outlines the US’s governing bodies, governing laws, mining ownership licenses, rights and obligations and key fiscal terms which includes, Bonus, Rentals, Federal Reclamation Fee, Occupation Tax, Royalty, Mining Claim Fees, State Fees, State Mineral Resources Severance tax and fees, State Real Property Tax, Corporate Taxes, Alternative Minimum Tax, Capital Gains Tax, Deductions and Allowances, Depreciation, Branch Profit Tax, Withholding Tax, Loss Carry Forward and VAT.

Reasons to buy

Gain an overview of the US’s mining fiscal regime

Table of Contents

1 Executive Summary

2 The US Mining Industry – Governing Bodies

2.1 Federal

2.1.1 US Department of Interior

2.1.2 Office of Surface Mining Reclamation and Enforcement

2.1.3 Mine Safety and Health Administration

2.1.4 Federal Mine Safety and Health Review Commission

2.1.5 Department of Energy

2.1.6 Nuclear Regulatory Commission (NRC

2.1.7 Environmental Protection Agency

2.2 State

2.2.1 Office of Oil, Gas, and Minerals (OOGM)

2.2.2 Nevada – Division of Minerals

2.2.3 Minnesota – Department of Natural Resources

2.2.4 Pennsylvania– Department of Conservation and Natural Resources

2.2.5 Alaska – Department of Natural Resources

2.2.6 Virginia – Department of Mines Mineral and Energy

2.2.7 Idaho – Department of Lands

2.2.8 Missouri – Department of Natural Resources

2.2.9 Wyoming–State Geological Survey

2.2.10 Tennessee – Department of Environment & Conservation

3 The US Mining Industry – Governing Laws

3.1 Federal Laws

3.1.1 Surface Mining Control and Reclamation Act (SMCRA)

3.1.2 Other Laws

3.1.3 The Mining Law 1872

3.1.4 Federal Mine Safety and Health Act (1977) (FMSHA)

3.1.5 Federal Land Policy and Management Act (1976) (FLPMA)

3.1.6 National Environmental Policy Act 1969

3.1.7 Atomic Energy Act 1954

3.1.8 Energy Reorganization Act 1974

3.1.9 Uranium Mill Tailings Radiation Control Act 1978

3.1.10 Nuclear Waste Policy Act 1982

3.2 State Laws

3.2.1 Minnesota Mining Laws (1998)

3.2.2 Natural Resources and Environment Protection Act, 1994 PA 451 (NREPA)

3.2.3 Alaska

3.2.4 Idaho

3.2.5 Tennessee

3.2.6 Missouri

4 The US Mining Industry – Mining Ownership, Licenses

4.1 Coal Mining Lease

4.1.1 Issuance

4.1.2 Area

4.1.3 Term

4.2 Exploratory License

4.3 State Permits

4.3.1 Iron ore mining laws

4.3.2 Location certificate

4.3.3 Operating permit

4.3.4 Mining permit

4.3.5 Source material license

4.3.6 Leasing for uranium mining operations

5 The US Mining Industry – Rights and Obligations

5.1 Rights

5.2 Obligations

6 The US Mining Industry – Key Fiscal Terms

6.1 Bonus

6.2 Rentals

6.3 Federal Reclamation Fee

6.4 Occupation Tax

6.5 Royalty

6.6 Mining Claim Fees

6.7 State Fee

6.7.1 Tennessee

6.8 State Mineral Resources Severance tax and fees

6.8.1 Alaska

6.8.2 Arizona

6.8.3 Alabama

6.8.4 Arkansas

6.8.5 Idaho

6.8.6 Indiana

6.8.7 Kentucky

6.8.8 Louisiana

6.8.9 Maryland

6.8.10 Minnesota

6.8.11 Montana

6.8.12 North Dakota

6.8.13 Nevada

6.8.14 New Mexico

6.8.15 Ohio

6.8.16 Pennsylvania

6.8.17 Texas

6.8.18 Tennessee

6.8.19 Utah

6.8.20 Virginia

6.8.21 West Virginia

6.8.22 Wyoming

6.9 State Real Property Tax

6.9.1 Michigan

6.9.2 Minnesota

6.9.3 Alabama

6.9.4 Arizona

6.9.5 Colorado

6.9.6 Illinois

6.9.7 Indiana

6.9.8 Kentucky

6.9.9 Maryland

6.9.10 Montana

6.9.11 North Dakota

6.9.12 Ohio

6.9.13 Pennsylvania

6.9.14 Texas

6.9.15 Virginia

6.9.16 West Virginia

6.9.17 Wyoming

6.10 Corporate Taxes

6.10.1 Federal Income Tax

6.10.2 State Corporate Tax Rate

6.11 Alternative Minimum Tax

6.12 Capital Gains Tax

6.13 Deductions and Allowances

6.13.1 Tax deductions

6.13.2 Depletion allowance

6.14 Depreciation

6.15 Branch Profit Tax

6.16 Withholding Tax

6.17 Loss Carry Forward

6.18 Value Added Tax (VAT)

7 Future Development

8 Appendix

8.1 Abbreviations

8.2 Secondary Research

8.3 Primary Research

8.4 Contact GlobalData

8.5 About GlobalData

8.6 GlobalData’s Services

8.7 Disclaimer

List of Tables

Table 1: The Mining Industry in the US – Fiscal Regime Terms and Other Taxes, 2015

Table 2: The Mining Industry in the US – Coal Mining Fees (US$), 2015

Table 3: The Mining Industry in the US – Minnesota Occupation Tax Rates (%), 2015

Table 4: The Mining Industry in the US – Coal Royalty Rates (%), 2015

Table 5: The Mining Industry in the US – Mining Claim Fees (US$), 2015

Table 6: The Mining Industry in the US – Tennessee Mining Fees (US$), 2015

Table 7: The Mining Industry in the US – Alaska Mining Tax on Net Income (%), 2015

Table 8: The Mining Industry in the US – Montana Coal Severance Tax (%), 2015

Table 9: The Mining Industry in the US – Nevada Mineral Resources, Net Proceeds Tax Rates (%), 2015

Table 10: The Mining Industry in the US – State Federal Income Tax Rates (%), 2015

Table 11: The Mining Industry in the US – State Corporate Income Tax Rates (%), 2015

Table 12: The Mining Industry in the US – Arkansas State Corporate Income Tax Rates (%), 2015

Table 13: The Mining Industry in the US – Kentucky State Corporate Income Tax Rates (%), 2015

Table 14: The Mining Industry in the US – Louisiana State Corporate Income Tax Rates (%), 2015

Table 15: The Mining Industry in the US – Mississippi State Corporate Income Tax Rates (%), 2015

Table 16: The Mining Industry in the US – New Mexico State Corporate Income Tax Rates (%), 2015

Table 17: The Mining Industry in the US – North Dakota State Corporate Income Tax Rates (%), 2015

Table 18: The Mining Industry in the US – Percentage Mineral Depletion Rates (%), 2015

List of Figures

Figure 1: The Mining Industry in the US – Commodity Mines at Different Stages (Number of Mines), 2015

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