2025 Session
Last amended: 1965 session
§ 298.393 — Imposition of Tax; Amount
Plain-Language Summary
Imposes a tax of five cents per ton on iron ore products made in agglomerating facilities.
298.393 IMPOSITION OF TAX; AMOUNT.
There is hereby imposed upon agglomerating facilities and upon the production of agglomerates and other merchantable iron ore products therein and upon the agglomerates and other products so produced, a tax equal to five cents per gross ton of agglomerates and other merchantable iron ore products which shall have been produced in the agglomerating facility during the calendar year plus one-tenth of one cent per gross ton for each one percent that the iron content of such products exceeds 55 percent, when dried at 212 degrees Fahrenheit.
History:
History: History:
1965 c 893 s 3
Practical Notes
This tax applies to pellets and other processed iron ore products.