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Rule: 42.26.603 Prev     Up     Next    
Rule Title: THE PROPERTY FACTOR
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Department: REVENUE, DEPARTMENT OF
Chapter: CORPORATE MULTISTATE ACTIVITIES
Subchapter: Railroads
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.26.603    THE PROPERTY FACTOR

(1) Owned property shall be valued at its original cost and property rented from others shall be valued at eight times the net annual rental rate in accordance with ARM 42.26.231 and 42.26.236. Railroad cars owned and operated by other railroads and temporarily used by the taxpayer in its business and for which a per diem or mileage charge is made are not included in the property factor as rented property. Railroad cars owned and operated by the taxpayer and temporarily used by other railroads in their business and for which a per diem charge is made by the taxpayer are included in the property factor of the taxpayer.

(2) See ARM 42.26.202 for definitions that are applicable to the numerator and denominator of the property factor.

History: Sec. 15-1-201, 15-31-313, and 15-31-501, MCA; IMP, Sec. 15-1-601, 15-31-305, 15-31-306, 15-31-307, and 15-31-312, MCA; NEW, 1982 MAR p. 104, Eff. 1/29/82; AMD, 1993 MAR p. 572, Eff. 4/16/93; TRANS, from 42.26.266 and AMD, 2002 MAR p. 403, Eff. 12/21/01.


 

 
MAR Notices Effective From Effective To History Notes
12/21/2001 Current History: Sec. 15-1-201, 15-31-313, and 15-31-501, MCA; IMP, Sec. 15-1-601, 15-31-305, 15-31-306, 15-31-307, and 15-31-312, MCA; NEW, 1982 MAR p. 104, Eff. 1/29/82; AMD, 1993 MAR p. 572, Eff. 4/16/93; TRANS, from 42.26.266 and AMD, 2002 MAR p. 403, Eff. 12/21/01.
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