Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.25 - NATURAL RESOURCES TAXES
Subchapter 42.25.15 - Resource Indemnity Trust Tax
Rule 42.25.1503 - COMPUTATION OF TAX
Universal Citation: MT Admin Rules 42.25.1503
Current through Register Vol. 18, September 20, 2024
(1) The resource indemnity trust tax is computed on the gross value of the mineral at the time of extraction from either the surface or subsurface of the earth.
(2) Producers may not reduce gross value for any costs or expenses of bringing minerals to mine mouth.
15-1-201, MCA; IMP, 15-38-105, MCA;
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