42.25.1102 NET PROCEEDS TAX RETURN
(1) A return and statement for the assessment of net proceeds must be on the form prescribed by the department and must contain the following detailed information:
(a) name and address of the owner, lessee, or operator of the mining operation;
(b) name and address of the owner of the mine if other than that of the named operator;
(c) name and address of each royalty owner and the percentage of his royalty interest or the amount per ton, or other unit, which is to be paid under the royalty agreement and the actual amount paid to each royalty owner;
(d) county in which the mining operation is located, and if the mining operation extends across county lines, the percentage of the ore or mineral extracted from each county;
(e) legal description of the location of the mining operation by section, township and range, and the school district in which it is located, and if the mining operation extends into more than one school district, the percentage of ore of mineral extracted from each school district;
(f) the total tonnage must be reported (the value of the ore in components of monetary value for each mineral must be shown) :
Total tonnage mined
oz. gold @$ per oz. $
oz. silver @$ per oz. $
lb. lead @$ per lb. $
lb. copper @$ per lb. $
tons @$ per ton $
carats @$ per carat $
(g) deductions taken as listed and explained in ARM 42.25.1111 through 42.25.1117, and 42.25.1119;
(h) cost of transporting the product of the mining operation to the mill, smelter, or reduction works (depending on the specific operation) ;
(i) costs of operating the reduction works;
(j) costs of repairing and replacing the reduction works;
(k) assessed value of the reduction works as shown on the county tax rolls;
(l) costs of transporting the marketable product to the point of actual sale;
(m) costs of marketing the product and converting it into money;
(n) costs of construction, repairs, and improvements to the mine.
(2) No miscellaneous items will be allowed as deductions. All deductions must be itemized.
(3) Incomplete returns will not be accepted as satisfying the filing requirements.
History: Sec. 15-23-108, MCA; IMP, Sec. 15-23-502, MCA; NEW, Eff. 4/5/74; AMD, 1986 MAR p. 1080, Eff. 6/27/86; AMD and TRANS, from ARM 42.22.1102, 1986 MAR p. 2072, Eff. 12/27/86; AMD, 2000 MAR p. 2988, Eff. 10/27/00.