Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.22 - CENTRALLY ASSESSED PROPERTY
Subchapter 42.22.1 - Centrally Assessed Companies
Rule 42.22.105 - REPORTING REQUIREMENTS
Current through Register Vol. 6, March 22, 2024
(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.
(3) The report shall contain the following information on the operating properties:
(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.
AUTH: 15-1-201, 15-23-108, MCA; IMP: 15-23-103, 15-23-204, 15-23-212, 15-23-301, 15-23-402, MCA