UC §59-6-102(3)

Mineral production withholding tax is a prepayment of Utah income tax based on the production or extraction of minerals in Utah. The Utah amount withheld can be claimed as a refundable credit on the Utah income tax return for the year it was withheld.

Utah mineral production withholding tax is reported on form TC-40W, Part 2. Failure to complete the TC-40W, Part 2 with all required information may result in processing delays and the mineral production withholding tax credit being disallowed.

Form TC-675R

Withholding tax from a mineral producer is reported on form TC-675R.

The mineral production company must provide the following information to you on the TC-675R:

• The company's federal employer identification number (EIN),
• The company's Utah mineral production withholding account number, and
• Your share of the mineral production withholding tax.

To claim credit for Utah mineral production withholding tax from TC-675R, enter the following information TC-40W, Part 2:

• Line 1 - Enter your mineral producer's federal EIN from TC-675R, box 2.
• Line 2 - Enter your mineral producer's name from TC-675R, box 1.
• Line 3 - Enter your mineral producer's Utah withholding account number from TC-675R, box 3.
• Line 5 - Enter your mineral production withholding tax from TC-675R, box 5.

Enter the mineral production withholding tax on TC-40W, Part 2 and carry the total to Utah TC-40, page 2, line 36.

Do not send the TC-675R with your Utah return. Keep these forms in your files.

Utah Schedule K-1

The mineral production withholding tax may also be distributed to you from a pass-through entity (partnership, LLC, LLP, or S corporation) on a Utah Schedule K-1.

To claim credit for Utah mineral production withholding tax from a Utah Schedule K-1, enter the following information on TC-40W, Part 2:

• Line 4 - Enter the federal EIN of the pass-through entity from the Utah Schedule K-1, line A.
• Line 5 - Enter your share of mineral production withholding tax reported on the Utah Schedule K-1, by a pass-through entity.

Do not send the Utah Schedule K-1 with your Utah return. Keep these forms in your files.