Taxation of unmined minerals; Current developments in the Commonwealth of Kentucky

Journal Article · Sun Jan 01 04:00:00 EST 1989 · University of Kentucky, Institute for Mining and Minerals Research, (Technical Report) IMMR; (United States)

OSTI ID:5498867

Bremberg, B P ^[1]

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1. Mineral Law Center, Univ. of Kentucky College of Law, KY (US)

This paper reports on the Kentucky Revenue Cabinet which began implementing its controversial unmined minerals tax program. The Revenue Cabinet should complete its first annual assessment under this program in December, 1989. The Revenue Cabinet's initial efforts to collect basic data concerning the Commonwealth's coal bearing lands has yielded data coverage for 5 million of Kentucky's 10 million acres of coal lands. Approximately 1000 detailed information returns have been filed. The returns will be used to help create an undeveloped mineral reserves inventory, determine mineral ownership, and value mineral reserves. This new program is run by the Revenue Cabinet's Mineral Valuation Section, under the Division of Technical Support, Department of Property Taxation. It has been in business since September of 1988.

• OSTI ID: 5498867
• Journal Information: University of Kentucky, Institute for Mining and Minerals Research, (Technical Report) IMMR; (United States), Journal Name: University of Kentucky, Institute for Mining and Minerals Research, (Technical Report) IMMR; (United States) Vol. 8:5; ISSN 0192-4680; ISSN UKIID
• Country of Publication: United States
• Language: English

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