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Rule Title: COMPUTATION OF TAX
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Department: REVENUE
Chapter: NATURAL RESOURCES TAXES
Subchapter: Resource Indemnity Trust Tax
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.25.1503    COMPUTATION OF TAX

(1) The resource indemnity trust tax is computed on the gross value of the mineral at the time of extraction from either the surface or subsurface of the earth. 

(2) Producers may not reduce gross value for any costs or expenses of bringing minerals to mine mouth.

History: 15-1-201, MCA; IMP, 15-38-105, MCA; NEW, Eff. 4/6/74; AMD, 1982 MAR p. 2178, Eff. 12/31/82; TRANS, from ARM 42.32.103, 2013 MAR p. 180, Eff. 2/1/13.


 

 
MAR Notices Effective From Effective To History Notes
42-2-890 2/1/2013 Current History: 15-1-201, MCA; IMP, 15-38-105, MCA; NEW, Eff. 4/6/74; AMD, 1982 MAR p. 2178, Eff. 12/31/82; TRANS, from ARM 42.32.103, 2013 MAR p. 180, Eff. 2/1/13.
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