Uranium ore taxed on triuranium octa - oxide content

The taxable value of severed and saved uranium - bearing material is the sales price per pound of the content of triuranium octa - oxide contained in the severed and saved uranium ore or processed yellow - cake concentrate, regardless of the form in which the product is actually disposed of. However, if the severed and saved uranium ore or processed uranium yellow - cake concentrate is not sold, the taxable value is the market value of the triuranium octa - oxide in such material. Source: SL 1978, ch 81 , § 6.