Form 47
                                Mine License Tax Return

     Amended Return? Check the box.                                       Mo Day    Year                                      Mo                        Day Year
     See instructions for the reasons for           For tax year 
▪    amending and enter the number.        ▪        beginning                            ending
Name of owner or lessee of mining property                                               Federal Employer Identification Number (EIN)

Current business mailing address
                                                                                    Name of mine
City                                                   State     ZIP Code
                                                                                    Mine license account number from Tax Commission

Check the box if your mining operation includes a cyanidation facility. ▪           Type of ore extracted

Initial Return             Final Return                                             Total tons of ore extracted during the year
                                                                                    ▪
A. If tax is being computed according to section 47-1202(a), use lines 1 through 3.
     1. Net income from mining property or gross receipts from royalties. Include computation ........                                               ▪  1 

     2. Depletion expense. Include a copy of the computation of depletion 
         expense from your federal income tax return ..........................................................................                      ▪  2 

     3. Net value to be used as a measure of tax. Subtract line 2 from line 1 ....................................                                   ▪  3 
B. If tax is being computed according to section 47-1202(b), use lines 4 through 8.
     4. Gross value of ores as determined by the U.S. Department of Interior. Include computation                                                    ▪  4 

     5. Cost of extracting, mining and transporting ore. See instructions ...........................................                                   5 

     6. Allowable depletion expense. Include computation .................................................................                              6 

     7. Add lines 5 and 6 .....................................................................................................................      ▪  7 

     8. Net value to be used as a measure of tax. Subtract line 7 from line 4 ....................................                                   ▪  8 
     9. Taxable net value. Enter the amount from line 3 or line 8 .......................................................                            ▪  9 
Tax Computation.
     10. Idaho mine license tax. Multiply line 9 by 1% ..........................................................................                    ▪  10 

     11. Interest from due date .............................................................................................................        ▪  11 

     12. Penalty ....................................................................................................................................▪  12 
     13. Total due. Add lines 10 through 12 ..................................................................................▪                      13 
Amended Return Only. Complete this section to determine your tax due or refund.
     14. Total due (Line 13) on this return .............................................................................................               14 

     15. Taxes paid with original mine license return ............................................................................                      15 

     16. Amended tax due or refund. Subtract line 15 from line 14 ......................................................                                16 
     Within 180 days of receiving this return, the Idaho State Tax Commission may discuss this return with the paid preparer identified below. 
▪    Under penalties of perjury, I declare that to the best of my knowledge and belief this return is true, correct, and complete. 
     Signature of officer                                         Date
Sign ▪
Here Title                                                        Phone number

Paid preparer’s signature                                Preparer’s EIN, SSN or PTIN
▪                                                        ▪
Address                                                           Phone number

EFO00048    08-04-2020 

                    Form 47 — Instructions
                    Mine License Tax Return

File Form 47 for each year you mine or receive         Cyanidation Facilities
royalties from mining any of the following: quartz,    Cyanidation is the method of extracting precious 
quartzite, gold, silver, copper, lead, zinc, coal,     metals from ores by treatment with cyanide solution as 
phosphate, limestone, stone from quarries, or other    the primary leaching agent. If your mining operation 
metals or minerals. Even if no tax is due, you must    includes a cyanidation facility, check the box in the 
file Form 47 each year until mining operations have    area above line 1. 
permanently ceased. Use the same tax year on 
your Form 47 as you used on your federal income        Initial Return
tax return.                                            If this is your first year of mining this location in Idaho, 
The tax is due on the 15th day of the fourth month     check the Initial Return box in the area above line 1.
following the end of the tax year. If you have an 
automatic six-month extension of time to file your     Final Return
income tax return, you have the same extension of      Filing using Method A. If you’ve permanently 
time to file your Form 47.                             ceased all mining operations at this location and sold 
File a separate return for each mine or group of       all stockpiled inventory, check the Final Return box in 
mines. If you own two or more separate mines,          the area above line 1.
only those mines grouped to compute the depletion      Filing using Method B. If you’ve permanently 
allowable for federal income tax purposes can be       ceased all mining operations at this location, check 
treated as one property.                               the Final Return box in the area above line 1.
Use Method A or Method B to compute the mine 
license tax if you mine ores on public lands that      How to Compute the Tax
the U.S. Department of Interior computes mineral       Method A
values for federal royalty purposes. Include your      Use this method if you receive royalties or if you 
written election with the first Idaho Mine License     didn’t elect Method B. This method of computing net 
Tax Return you file. To change methods, get written    value of ores mined or royalties received is found in 
permission from the Tax Commission before your         Idaho Code section 47-1202(a).
tax return is due. If you receive royalties or if you 
                                                       Line 1. Enter the taxable income from mining 
don’t elect Method B, use Method A.
                                                       (defined in Section 613 of the Internal Revenue 
Determine the net value separately if your mining      Code and Treasury Regulation 1.613-5) or the gross 
activity includes both receiving royalties and         amount received as royalties. This is the amount 
extracting ores. The separate determinations can’t     used in your federal percentage depletion expense 
be netted together or offset against each other.       computation.

Amended Returns                                        Line 2. Enter the depletion expense allowed on 
You can use this form as an original return or an      your federal income tax return related to the receipts 
amended return. If you’re filing this form as an       reported on line 1 of this return. Include a copy of the 
amended return, check the box at the top of the        federal depletion expense computation.
form. Enter the applicable reasons for amending 
                                                       Method B
as listed below. Complete the entire form using the 
corrected amounts.                                     Line 4. Enter the gross value of ores mined as 
                                                       determined by the U.S. Department of the Interior. 
1.  Federal Audit
                                                       Include a schedule detailing your computation.
2.  Other - Include an explanation
                                                       Line 5. Enter the total of all direct mining and Idaho 
Mine License Account Number                            transportation costs attributable to the production of 
Enter the nine-digit mine license account number       the ores to the point at which the ores were valued 
provided by the Tax Commission for this mine or        for line 4 above. Include a schedule itemizing these 
group of mines. If this is the initial return for this mining costs.
mine or group of mines, leave this line blank. File a 
separate return for each account number.
EIN00085 08-04-2020                                                                                  Page 1 of 2 

                                                                         Form 47 — Instructions     (continued)

Line 6. Enter the allowable portion of the depletion Amended Return Only
expense deducted on your federal income tax          Complete lines 14 through 16 only if you’re filing this 
return computed as follows:                          return as an amended return.
Gross value of 
                                                     Mail to:
ores (line 4)       Depletion          Deductible           Idaho State Tax Commission
Gross value of      expense            portion of           PO Box 56
                                   =
ores for federal X  allowed on the     federal              Boise ID  83756-0056
depletion           federal income     depletion 
expense             tax return         expense       Include a copy of your federal depletion expense 
purposes                                             computation.

Line 13. Total due. Tax payments of $100,000 or 
more must be paid by electronic funds transfer. 
If you’re making an electronic funds transfer for 
the first time, contact the Tax Commission at 
(208) 334-7660 for further information.

                                                  Contact us:
                    In the Boise area: (208) 334-7660  |Toll free: (800) 972-7660
                                   Hearing impaired (TDD) (800) 377-3529
                                       tax.idaho.gov/contact
EIN00085 08-04-2020                                                                                  Page 2 of 2