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Rule Title: DETERMINATION OF CONTRACT SALE PRICE
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Department: REVENUE
Chapter: NATURAL RESOURCES TAXES
Subchapter: Coal Severance Tax
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.25.1707    DETERMINATION OF CONTRACT SALE PRICE

(1) The contract sales price of the coal is calculated immediately after the point the coal is prepared for shipment to the first arm's-length purchaser of the coal. "Prepared for shipment" and "purchaser" are defined in 15-35-102, MCA. Contract sales price will be the calculated FOB mine price. Transportations costs that reduce the contract sales price of the coal shall not reduce the contract sales price below zero. The contract sales price will be further adjusted by deducting from either the FOB mine price or a value imputed by the department:

(a) the allowance for federal, state, and Indian royalties; and

(b) the amounts charged to the purchaser to pay taxes on production.

(2) The formula in (1) should be applied to each contract individually.

 

History: 15-35-122, MCA; IMP, 15-35-103, MCA; NEW, 1988 MAR p. 2406, Eff. 11/11/88; AMD, 2000 MAR p. 2988, Eff. 10/27/00; AMD, 2009 MAR p. 2495, Eff. 12/25/09; AMD, 2017 MAR p. 2204, Eff. 11/25/17.


 

 
MAR Notices Effective From Effective To History Notes
42-2-982 11/25/2017 Current History: 15-35-122, MCA; IMP, 15-35-103, MCA; NEW, 1988 MAR p. 2406, Eff. 11/11/88; AMD, 2000 MAR p. 2988, Eff. 10/27/00; AMD, 2009 MAR p. 2495, Eff. 12/25/09; AMD, 2017 MAR p. 2204, Eff. 11/25/17.
42-2-811 12/25/2009 11/25/2017 History: 15-35-122, MCA; IMP, 15-35-103, MCA; NEW, 1988 MAR p. 2406, Eff. 11/11/88; AMD, 2000 MAR p. 2988, Eff. 10/27/00; AMD, 2009 MAR p. 2495, Eff. 12/25/09.
10/27/2000 12/25/2009 History: Sec. 15-35-122, MCA; IMP, Sec. 15-35-103, MCA; NEW, 1988 MAR p. 2406, Eff. 11/11/88; AMD, 2000 MAR p. 2988, Eff. 10/27/00.
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