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State Severance Taxes: A Summary and an Analysis of the Impact of Rate Changes on Copper Recovery Costs.
Yasnowsky PN; Graham AP
MISSING :23 pages
This Bureau of Mines report summarizes state severance taxes imposed on minerals and mineral fuels, provides a hypothetical example of how a state severance tax affects selected components of a firm's income statement, and uses the Bureau's minerals availability system (mas) to estimate the effect of assumed changes in state severance tax rates on copper recovery cost at given levels of potential copper availability. A reduction of the rates to zero or a doubling of them results in changes in costs that are of the same order of magnitude as the cost of transporting copper to the United States from major foreign producing countries.
IH; Information Circular;
Page last reviewed: November 19, 2021
Content source: National Institute for Occupational Safety and Health Education and Information Division