Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.25 - NATURAL RESOURCES TAXES
Subchapter 42.25.1 - Metalliferous Mines Tax
Rule 42.25.102 - AVERAGE PRICE QUOTATIONS

Universal Citation: MT Admin Rules 42.25.102

Current through Register Vol. 18, September 20, 2024

(1) The average price during the calendar quarter referred to in 15-37-102 MCA, is a weighted average as opposed to an arithmetic average of daily prices for each day of the quarter. The quarterly gross value will be determined by multiplying the quantity of each metal produced in each lot by the prevailing price per unit on the day the quantity is determined. In most instances this computation is reflected on the smelter returns.

Sec. 15-1-201 MCA; IMP, Sec. 15-37-102 MCA;

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