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Beginning January 1, 2028, this bill would allow mine owners and operators who extract both gold and at least one other designated critical mineral (such as lithium, copper, uranium, or various rare earth elements) to pay their state mining severance tax — a tax on the value of minerals taken from the ground — by delivering physical gold to the state treasurer instead of paying in cash. Mine owners who choose to pay this way could also claim a nonrefundable tax credit equal to 5% of their severance tax liability, available for up to five years for mines already operating by 2028, or up to fifteen years for mines that begin operating after that date. The bill also makes a number of technical and conforming updates to related sections of state law governing severance tax revenue distribution, confidentiality of tax records, and Great Salt Lake mineral extraction leases, without changing their substantive effect.