42.25.1114    COSTS OF IMPROVEMENTS AND REPAIRS

(1) All monies expended for improvements and repairs necessary in and about the working of the mine shall be allowed as a deduction at the rate of 10% per annum for a period of 10 consecutive years. The period shall begin with the year of expenditure in computing net proceeds as provided under ARM 42.25.1102 and 42.25.1103.

History: Sec. 15-23-108, MCA; IMP, Sec. 15-23-503, MCA; NEW, Eff. 4/5/74; AMD and TRANS, from ARM 42.22.1114, 1986 MAR p. 2072, Eff. 12/27/86; AMD, 2000 MAR p. 2988, Eff. 10/27/00.