2006 Utah Code - 59-23-3 — Definitions.

     59-23-3.   Definitions.
     As used in this chapter:
     (1) "Alternate royalty rate" means $550,000 divided by the gross volume of unprocessed brine shrimp eggs harvested in the state during the tax year.
     (2) "Brine shrimp eggs" means dormant, early stage brine shrimp embryos encapsulated as cysts that are harvested from the waters of the state.
     (3) "Tax year" means a one-year period beginning on February 1 and ending on January 31 of the following year.

Amended by Chapter 16, 2005 General Session