Masters Theses

Abstract

"A study was made to evaluate the present taxes levied on the mineral industry in the State of Missouri. The corporate income tax, corporate franchise tax, and general property taxes were examined, in addition to the mine inspection fees and methods of local assessment of mineral properties.

It is suggested that the State of Missouri revise the method of application of the general property tax to mineral properties. Utilization of the principle of taxation of future profits and employment of qualified appraisers would provide a more equitable application of the general property tax.

It is recommended that the present mine inspection fee be increased moderately. The adoption of a severance tax to be levied against the extractive industry is not recommended. In recent years, bills in the legislature have proposed increases in the mine inspection fee and the corporate franchise tax.

There are many inequalities in the use of the present general property tax system, and misunderstanding of the difference between depleting-reserve enterprises and other enterprises. An equitable mineral taxation policy, with incentives for promoting development of Missouri mineral resources, would bring added benefits to the state and local economies"--Abstract, page ii.

Advisor(s)

Christiansen, Carl R., 1921-1997

Committee Member(s)

Kennedy, Richard R. (Richard Ray)
Steinmeyer, John Anthony
Worley, Morris Thrane

Department(s)

Mining Engineering

Degree Name

M.S. in Mining Engineering

Publisher

Missouri School of Mines and Metallurgy

Publication Date

1962

Pagination

v, 63 pages

Note about bibliography

Includes bibliographical references (pages 49-50).

Rights

© 1962 Jerry Wayne Huffman, All rights reserved.

Document Type

Thesis - Open Access

File Type

text

Language

English

Thesis Number

T 1394

Print OCLC #

5938180

Electronic OCLC #

1011589454

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