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42.25.1503    COMPUTATION OF TAX

(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.

History: 15-1-201, MCA; IMP, 15-38-105, MCA; NEW, Eff. 4/6/74; AMD, 1982 MAR p. 2178, Eff. 12/31/82; TRANS, from ARM 42.32.103, 2013 MAR p. 180, Eff. 2/1/13.

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