(1) Air and water pollution control plant property and equipment, as defined in 15-6-135 , MCA, is not considered to be new industrial property but is already treated as taxable class five property under the provisions of 15-6-135 , MCA.

(2) In order to receive taxable class five classification under 15-6-135 , MCA, a new industry installing pollution control plant property and equipment must apply to and receive pollution control certification from the Department of Environmental Quality.

(3) To be eligible to receive pollution control status for the current tax year, the application must be received by the Department of Environmental Quality on or before January 1 of that year.

History: 15-1-201, MCA; IMP, 15-6-135, MCA; NEW, 1980 MAR p. 1088, Eff. 3/28/80; AMD, 1992 MAR p. 2559, Eff. 11/26/92; AMD, 1996 MAR p. 3220, Eff. 12/20/96; AMD, 1997 MAR p. 2297, Eff. 12/16/97.