Due Dates
March 31
Miscellaneous mines net proceeds tax is collected by your county treasurer.
Fees
Mill Levies on Taxable Value
Related Resources
- Statement of Net Proceeds of Mines (form MMN)
- Statement of Net Proceeds of Mines – Talc Producers Only (Form MMN-2)
- Statement of Net Proceeds of Mines – Vermiculite Producers Only (Form MMN-3)
- Statement of Net Proceeds of Mines – Garnet Producers Only (Form MMN-4)
- Statement of Net Proceeds of Mines – Limestone Producers Only (Form MMN-5)
All miscellaneous mineral mines must file a Miscellaneous Mines Net Proceeds (Form MMN) return.
The Miscellaneous Mines Net Proceeds Tax applies to:
- Gems
- Vermiculite
- Other valuable minerals
Tax Rates
Local mill levies apply to the taxable value of the minerals produced:
Determining Taxable Value
The taxable value is 100% of the annual net proceeds, except:
- Talc
- Vermiculite
- Quicklime
- Rougher garnet concentrate
For these four minerals, the taxable value is the number of tons produced multiplied by a specific price calculated annually.
Exemptions
Mines producing industrial garnets, travertine, and building stones are exempt from the Mines Net Proceeds Tax on their first 1,000 tons of production.
Mines producing more than 1,000 tons of industrial garnets are liable for all production in the year.
Sand and gravel are exempt from mines net proceeds tax.
Reporting and Payment Options
- File through our TransAction Portal (TAP)
- Use the reporting forms:
- Statement of Net Proceeds of Mines (Form MMN)
- Statement of Net Proceeds of Mines – Talc Producers Only (Form MMN-2)
- Statement of Net Proceeds of Mines – Vermiculite Producers Only (Form MMN-3)
- Statement of Net Proceeds of Mines – Garnet Producers Only (Form MMN-4)
- Statement of Net Proceeds of Mines – Limestone Producers Only (Form MMN-5)
Local county treasurers collect MMN Tax. Contact your county for more information.
Due Dates
Miscellaneous Mines Net Proceeds returns are due by March 31.
Revenue Distribution
Local county treasurers distribute the MMN Tax to the appropriate tax jurisdiction based on the relative mills levied by all jurisdictions levying taxes in the area.
