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Rule Title: COMPUTATION OF TAX FOR LIGHT VEHICLES
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Department: JUSTICE, DEPARTMENT OF
Chapter: MOTOR VEHICLE DIVISION
Subchapter: Vehicle Taxation
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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23.3.805    COMPUTATION OF TAX FOR LIGHT VEHICLES

(1) Each year on the anniversary date of the registration of a light vehicle, the department will calculate the vehicle's depreciated value for taxation using its MSRP and the appropriate factor for vehicle age and type, as provided in 61-3-503 , MCA.

(2) The department will depreciate light vehicles that are more than 16 years of age by multiplying .90 by the vehicle's depreciated value for the preceding registration period, as calculated in accordance with 61-3-503 (2) , MCA, until the vehicle arrives at a depreciated value of $500.00 or less, in which case its depreciated value shall be deemed to be $500.00 thereafter.

History: Sec. 61-3-506, MCA; IMP, 61-3-101, 61-3-503, 61-3-504, MCA; NEW, 1997 MAR p. 2292, Eff. 12/16/97.


 

 
MAR Notices Effective From Effective To History Notes
12/16/1997 Current History: Sec. 61-3-506, MCA; IMP, 61-3-101, 61-3-503, 61-3-504, MCA; NEW, 1997 MAR p. 2292, Eff. 12/16/97.
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