Title 36, Title 36

For the purposes of this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1981, c. 711, §10 (NEW).] 1. The code. 2. Commencement of mining. 3. Exploratory activity. 4. Facilities and equipment. 5. Gross proceeds. "Gross proceed…

The amount of the annual excise tax on a mining company is the mining company's gross proceeds multiplied by 0.05. [PL 2025, c. 469, §33 (NEW); PL 2025, c. 469, §44 (AFF).] 1. Tax on facilities and equipment. 2. Tax on gross proceeds.

1. Annual return. A mining company shall file, on or before the date the mining company's state income tax return is due to be filed, an annual return on a form specified by the assessor for each tax year. 2. Form and contents. The return must indicate: A. The tax due; [PL 1981, …

1. Accounting periods. The determination of a tax year is subject to the following. A. If a taxpayer's tax year is changed for federal income tax purposes, the taxpayer's tax year for purposes of the tax imposed by this chapter must be similarly changed. [PL 2025, c. 469, §35 (NE…

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Allowable credits" means the total amount of payments by a taxpayer that have been or will be paid to the bureau prior to the date the payment aga…

Revenue from the excise tax imposed pursuant to this chapter must be distributed as follows: [PL 2025, c. 469, §40 (NEW); PL 2025, c. 469, §44 (AFF).] 1. Mining Excise Tax Trust Fund. Seventy-five percent of the revenue must be deposited in the Mining Excise Tax Trust Fund establ…