42.25.1506    MINIMUM TAX AND ANNUAL EXEMPTION

(1) The minimum annual tax of $25 is due only once each year from each individual, partnership, firm, association, joint-stock company, syndicate, or corporation who engages in or carries on the business of mining, extracting, or producing a mineral. Likewise the $5,000 reduction of gross value of product may be claimed only once each year by a producer.

History: 15-1-201, MCA; IMP, 15-38-104, MCA; NEW, Eff. 4/6/74; AMD, 1992 MAR p. 1766, Eff. 8/14/92; TRANS, from ARM 42.32.106, 2013 MAR p. 180, Eff. 2/1/13.