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Rule Title: DEFINITIONS
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Department: REVENUE, DEPARTMENT OF
Chapter: GENERAL PROPERTY TAX PROVISIONS
Subchapter: New Industrial Property
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.19.1205    DEFINITIONS

The following definitions apply to this subchapter:

(1) "Value added" means an increase in the worth of the product being produced and not merely an increase in existing production. The tax incentive is limited to manufacturing machinery and equipment involved in the value added process. If the department determines that manufacturing machinery and equipment qualifies for the tax incentive, the application must still be approved by the governing body of the local taxing jurisdiction.

History: 15-24-2405, MCA; IMP, 15-24-2403, 15-24-2404, MCA; NEW, 2006 MAR p. 3102, Eff. 12/22/06.


 

 
MAR Notices Effective From Effective To History Notes
12/22/2006 Current History: 15-24-2405, MCA; IMP, 15-24-2403, 15-24-2404, MCA; NEW, 2006 MAR p. 3102, Eff. 12/22/06.
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