2006 Utah Code - 59-5-116 — Disposition of certain taxes collected on Ute Indian land.

     59-5-116.   Disposition of certain taxes collected on Ute Indian land.
     (1) Except as provided in Subsection (2), there shall be deposited into the Uintah Basin Revitalization Fund established in Section 9-10-102:
     (a) for taxes imposed under this part beginning on July 1, 1996, 33% of the taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
     (i) for which production began on or before June 30, 1995; and
     (ii) attributable to interests:
     (A) held in trust by the United States for the Tribe and its members; or
     (B) for taxes imposed under this part beginning on July 1, 1996, and ending on December 31, 2009, on lands identified in Pub. L. No. 440, 62 Stat. 72 (1948);
     (b) for taxes imposed under this part beginning on July 1, 1996, 80% of taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
     (i) for which production began on or after July 1, 1995; and
     (ii) attributable to interests:
     (A) held in trust by the United States for the Tribe and its members; or
     (B) for taxes imposed under this part beginning on July 1, 1996, and ending on December 31, 2009, on lands identified in Pub. L. No. 440, 62 Stat. 72 (1948); and
     (c) for taxes imposed under this part beginning on January 1, 2001, and ending on December 31, 2009, 80% of taxes collected on oil, gas, or other hydrocarbon substances produced from a well:
     (i) for which production began on or after January 1, 2001; and
     (ii) attributable to interests on lands conveyed to the tribe under the Ute-Moab Land Restoration Act, Pub. L. No. 106-398, Sec. 3303.
     (2) (a) The maximum amount deposited in the Uintah Basin Revitalization Fund may not exceed $3,000,000 in any state fiscal year.
     (b) Any amounts in excess of the maximum described in Subsection (2)(a) shall be deposited into the General Fund.

Amended by Chapter 13, 2004 General Session