Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.25 - NATURAL RESOURCES TAXES
Subchapter 42.25.11 - Net Proceeds Tax on Miscellaneous Mines
Rule 42.25.1113 - LABOR COSTS
Current through Register Vol. 18, September 20, 2024
(1) Labor expenses will include amounts paid to employees, up to and including, mine and mill foremen and superintendents. No deduction will be allowed for any person or officer not actually engaged in the mining or milling operations. Labor expenses will be deductible to the extent they relate specifically to the mining and processing operations up to the point of mineral valuation for the following functions:
(2) Labor expenses are not deductible for the following functions:
(3) The following items may be included in the amounts deducted for the functions listed in (1) :
(4) Accounting records for labor expenses must be maintained by the taxpayer. These records must include contemporaneous man-hour logs for employees who do not work 100% of their time in one of the functions listed in (1) or who are involved in processing minerals both up to and beyond the point of mineral valuation.
Sec. 15-23-108, MCA; IMP, Sec. 15-23-503, MCA;