42.25.1114 : COSTS OF IMPROVEMENTS AND REPAIRS - Administrative Rules of the State of Montana

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.

MAR Notices

Effective From

Effective To

History Notes

10/27/2000

Current

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.