The Nevada Net Proceeds of Minerals Tax applies to revenue generated from the extraction of mineral resources in Nevada. It is a form of property tax, but it specifically targets the mining industry.

NPM Calendar 2024

Net Proceeds Annual Projection Report

• Who Should Use It? This report is for mining operators to project the annual yield of their mining activities. It aids in financial planning and compliance by providing an estimated overview of expected production and potential financial obligations in terms of taxes and royalties.
• Filing Frequency: Annually, once per year.

Royalty Form for Net Proceeds of Minerals

• Who Should Use It? Royalty recipients or taxpayers receiving royalties from mining companies that mine minerals in Nevada.
• Filing Frequency: Typically, the Royalty Form for Net Proceeds of Minerals is filed once a year.
• Additional:
  • Royalty Form for Net Proceeds of Minerals (DOC)
  • Instructions to Complete the Royalty Form for Net Proceeds of Minerals

Operators Reporting Net Proceeds of Minerals

• Who Should Use It? Mining operators involved in the extraction and processing of minerals in Nevada. This includes businesses that handle the initial processing stages or any part of the production cycle involving minerals.
• Filing Frequency: Operators must report the net proceeds of minerals extracted annually during the fiscal year.
• Additional:
  • Operators Reporting Net Proceeds of Minerals (XLS)
  • Instructions to Complete the Operators Reporting Net Proceeds of Minerals

Geothermal Operator Statement of Gross Yield and Claimed Net Proceeds

• Who Should Use It: Geothermal Operators and companies that explore, extract, and sell geothermal resources. These can include both energy production entities and those involved in the direct use of geothermal resources.
• Filing Frequency: Geothermal operators need to file this statement annually each year, reporting the gross yield and the net proceeds.
• Additional:
  • Instructions to Complete the Geothermal Operator Statement of Gross Yield and Claimed Net Proceeds

• Tax Base: The tax is calculated based on the “net proceeds” which are the gross revenue from the minerals extracted minus allowable deductions.
• Allowable Deductions: These deductions can include costs related to mining, processing, and transporting the minerals. This might also involve administrative and overhead expenses directly related to the operation.