42.22.105 REPORTING REQUIREMENTS
(1) Each year all centrally assessed companies shall submit to the department a report of operations, called the Centrally Assessed Annual Reporting form, for the preceding year. Railroads, railroad car companies, and pipelines shall submit the report by April 15 and all others by March 31, on forms supplied by the department.
(2) If a centrally assessed company fails to file a report with the department the company will be subject to the penalties listed in 15-23-104, MCA. Submission of an annual business property reporting form to a local department county office does not relieve the company of its requirement to file the Centrally Assessed Annual Reporting form to the centrally assessed unit located in Helena. In addition, if the department determines that a company is a centrally assessed company, that company must cease to file the annual business property reporting form to the department's local county office.
(a) Based on the appropriate statutory authority, the department shall determine if a company meets the requirements to be centrally assessed. If a company believes that the department has improperly determined that the company is centrally assessed, the company must still file the required Centrally Assessed Annual Reporting form, and if desired, appeal the department's centrally assessed determination to the appropriate venue.
(3) The report shall contain the following information on the operating properties:
(a) balance sheet for the system;
(b) statement of income for the system;
(c) statement of cash flow for the system;
(d) original cost and book depreciation for system property, including an estimate of current value of property leased from others;
(e) statement of outstanding preferred stock, common stock, and debt, showing both book value and market value;
(f) statement of actual revenue and expense for the Montana operation (if actual amounts are not available, a statement of allocated revenue and expense may be substituted);
(g) if nonoperating properties are included in (3)(a) through (e), their original cost, book depreciation, market value, and income;
(h) general description, original cost, and book depreciation of Montana properties, including description and location of property leased from others, together with name of lessor, current value or annual rental, and responsibility for the property tax (lessor or lessee);
(i) if rolling stock is allocated to Montana, the method used;
(j) pertinent statistical data on the company's operations within and without this state;
(k) copy of annual report to stockholders;
(l) copy of annual report to the federal regulatory agency if one is filed;
(m) copy of annual report to the Montana Public Service Commission if one is filed;
(n) in the case of centrally assessed railroads, all information required under ARM 42.22.106;
(o) in the case of centrally assessed electric utilities, all information required under ARM 42.22.107, if applicable;
(p) all other information requested by the department which will assist in valuing the properties; and
(q) signed statement of correctness.
(4) In addition to the report each centrally assessed company must revise and update statements of situs and mileage printouts provided by the department and return them along with the report. The information on the printouts shall be reported by county and taxing units in which they are situated. The situs printouts shall contain a general description and installed cost for operating situs property.
History: 15-1-201, 15-23-108, MCA; IMP, 15-23-103, 15-23-204, 15-23-212, 15-23-301, 15-23-402, MCA; NEW, Eff. 12/4/76; AMD, 1980 MAR p. 1011, Eff. 3/28/80; AMD, 1982 MAR p. 705, Eff. 4/16/82; AMD, 1983 MAR p. 1930, Eff. 12/30/83; AMD, 1984 MAR p. 2041, Eff. 12/28/84; AMD, 1989 MAR p. 760, Eff. 6/16/89; AMD, 1992 MAR p. 2560, Eff. 11/26/92; AMD, 1993 MAR p. 435, Eff. 3/26/93; AMD, 2000 MAR p. 872, Eff. 3/31/00; AMD, 2010 MAR p. 2993, Eff. 12/24/10; AMD, 2015 MAR p. 2149, Eff. 12/11/15.