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2018 Idaho Statutes
Title 47 - MINES AND MINING
Chapter 12 - LICENSE TAX FOR PRIVILEGE OF MINING AND EXTRACTING ORES
Section 47-1205 - DEFINITION OF VALUABLE MINERAL.
Universal Citation: ID Code § 47-1205 (2018)
47-1205. DEFINITION OF VALUABLE MINERAL. The term "valuable mineral" for purposes of this act, shall be deemed to include not only gold, silver, copper, lead, zinc, coal, phosphate and limestone, but also any other substance not gaseous or liquid in its natural state, which makes real property more valuable by reason of its presence thereon or thereunder and upon which depletion is allowable pursuant to section 613 of the Internal Revenue Code, provided, however, that sand and gravel are not included in this definition.
History:
[47-1205, added 1977, ch. 93, sec. 4, p. 192.]
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