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Rule: 42.25.1506 Prev     Up     Next    
Rule Title: MINIMUM TAX AND ANNUAL EXEMPTION
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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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42.25.1506    MINIMUM TAX AND ANNUAL EXEMPTION

(1) The minimum annual tax of $25 is due only once each year from each individual, partnership, firm, association, joint-stock company, syndicate, or corporation who engages in or carries on the business of mining, extracting, or producing a mineral. Likewise the $5,000 reduction of gross value of product may be claimed only once each year by a producer.

History: 15-1-201, MCA; IMP, 15-38-104, MCA; NEW, Eff. 4/6/74; AMD, 1992 MAR p. 1766, Eff. 8/14/92; TRANS, from ARM 42.32.106, 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, 15-38-104, MCA; NEW, Eff. 4/6/74; AMD, 1992 MAR p. 1766, Eff. 8/14/92; TRANS, from ARM 42.32.106, 2013 MAR p. 180, Eff. 2/1/13.
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