Utah Admin. Code 652-21-1006

Current through Bulletin 2024-23, December 1, 2024

Section R652-21-1006 - Lithium Variable-Rate Royalty Schedule

(1) The Final Royalty Rate shall be a Variable-Rate Royalty.

(2) A Variable-Rate Royalty applicable to Lithium Carbonate, Lithium Sulfate, or Lithium Hydroxide shall be adjusted quarterly.

(3) The Variable-Rate Royalty Schedule is as follows:

TABLE Final Royalty Rate
Average Sale Price	Base Rate	Non-Evaporative Rate
< $20,000	5.0%	2.5%
$20,000 - $35,000	7.5%	5.0%
$35,001 - $45,000	12.5%	10.0%
$45,001 - $55,000	17.5%	15.0%
$55,001 - $65,000	22.5%	20.0%
> $65,000	27.5%	25.0%

Utah Admin. Code R652-21-1006

Adopted by Utah State Bulletin Number 2024-20, effective 10/8/2024