Montana Administrative Code

42.21.310 FINAL VALUATION AUTHORITY (Is Hereby Repealed.) Authorizing statute(s): Sec. 15-1-201 and 61-3-506, MCA Implementing statute(s): Sec. 15-8-202, MCA History: TEMP, NEW, 1987 MAR p. 1646, Eff. 9/25/87; AMD, 1996 MAR p. 1174, Eff. 4/26/96; REP, 1997 MAR p. 2297, Eff. 12/16…

42.21.311 REGISTRATION, EXPIRATION DATE PRIOR TO JUNE 30, 1987 (Is Hereby Repealed.) Authorizing statute(s): Sec. 15-1-201 and 61-3-506, MCA Implementing statute(s): Sec. 15-8-202, MCA History: TEMP, NEW, 1987 MAR p. 1646, Eff. 9/25/87; REP, 1991 MAR p. 915, Eff. 6/14/91.

42.21.312 ANNIVERSARY REREGISTRATION (Is Hereby Repealed.) Authorizing statute(s): Sec. 15-1-201 and 61-3-506, MCA Implementing statute(s): Sec. 15-8-202, MCA History: TEMP, NEW, 1987 MAR p. 1646, Eff. 9/25/87; REP, 1991 MAR p. 915, Eff. 6/14/91.

42.21.313 TAX RATE PERCENTAGE (Is Hereby Repealed.) Authorizing statute(s): Sec. 15-1-201 and 61-3-506, MCA Implementing statute(s): Sec. 15-8-202, MCA History: TEMP, NEW, 1987 MAR p. 1646, Eff. 9/25/87; REP, 1996 MAR p. 1174, Eff. 4/26/96.

42.21.314 CO-OP VEHICLES (Is Hereby Repealed.) Authorizing statute(s): Sec. 15-30-305, MCA Implementing statute(s): Sec. 15-6-135, MCA History: NEW, 1990 MAR p. 233, Eff. 1/26/90; REP, 1997 MAR p. 2297, Eff. 12/16/97.

42.22.101 DEFINITIONS The following definitions apply to this chapter: "Airline" means a company engaged in scheduled air commerce. "Allocation" is the term used to describe the assignment of a part of the unit valuation to Montana. "Apportionment" is the term used to describe th…

42.22.102 CENTRALLY ASSESSED PROPERTY The department shall centrally assess the interstate and inter-county continuous properties of the following types of companies: railroad; railroad car; microwave; telecommunications; telephone cooperatives; gas; electric; electric cooperativ…

42.22.103 DETERMINATION OF OPERATING AND NONOPERATING PROPERTY To determine if a property is operating property, the department shall consider the use to which the property is put. Right-of-way or station grounds leased to others, except land leased to others for public grain ele…

42.22.104 TREATMENT OF MOTOR VEHICLES AND SPECIAL MOBILE EQUIPMENT Special mobile equipment excluded from the definition of situs property as defined in ARM 42.22.101 is to be locally assessed. Motor vehicles with or without equipment attached are exempt and shall pay a fee in li…

42.22.105 REPORTING REQUIREMENTS The valuation and reporting schedule for centrally assessed companies is as follows: Annual appraisal Odd-year appraisal Even-year appraisal Railroad property Telegraph, telephone, microwave Electric power or transmission lines Net proceeds of min…

42.22.106 ADDITIONAL REPORTING REQUIREMENTS FOR CENTRALLY ASSESSED RAILROADS Each year all centrally assessed railroads shall submit by April 15 (except that information required under ARM 42.22.103) a report of operations for the preceding year containing, in addition to that in…

42.22.107 ADDITIONAL REPORTING REQUIREMENTS FOR BENEFICIAL USE OF GOVERNMENT-OWNED TRANSMISSION LINES Qualifying companies shall provide to the department information on any possession or beneficial use of government-owned transmission lines, as referenced in 15-23-101 and 15-24-…

42.22.108 MARKET VALUE OF AIR AND WATER POLLUTION CONTROL AND CARBON CAPTURE EQUIPMENT The market value of approved class five air and water pollution control and carbon capture equipment shall be determined by multiplying the depreciated value of the approved class five pollutio…

42.22.109 ADOPTION OF APPRAISAL METHODS AND APPRAISAL STANDARDS The department adopts the 2009 WSATA-CCAP (Western States Association of Tax Administrators - Committee on Centrally Assessed Properties) appraisal handbook, published in August 2009, available at wsata-ccap.org, as …

42.22.110 DEDUCTIONS FOR INTANGIBLE PERSONAL PROPERTY Cost, income, and market indicators can generally be expected to include the value of intangible personal property. To the extent that each unit valuation indicator includes the value of intangible personal property it shall n…

42.22.111 VALUATION METHOD The unit method of valuation will be used to appraise centrally assessed companies whenever appropriate. When applying this method, the department will use commonly accepted methods and techniques of appraisal to determine market value. The application …

42.22.112 COST INDICATOR The cost indicator of value shall be derived from information contained in the company's report to the department, report to a regulatory agency, property descriptions submitted to the department, and any other reliable source of information. This include…

42.22.113 MARKET INDICATOR A market, or stock and debt indicator, of value may be derived from the company's outstanding securities and liabilities. The department may also construct a market indicator using sales comparison data for similar properties, or any analysis, study, da…

42.22.114 INCOME INDICATOR The income indicator may be determined by consideration of one or more of the following methods depending on the department's analysis of the future earning capacity of the company: capitalization of the company's historic income or average of historic …

42.22.115 NOTIFICATION On or before June 1 each year the department shall notify the centrally assessed companies of the appraisal report of their Montana properties. If additional time is needed for filing reports or preparing for hearings, the department must receive the reques…

42.22.116 DETERMINATION OF TAX RATE FOR CLASS TWELVE PROPERTY To implement the statutory direction to compute an annualized tax rate for class twelve property, the department will employ the procedure outlined in this rule. The department will obtain the market and taxable value …

42.22.117 METHODOLOGY FOR PREPARATION OF SALES ASSESSMENT RATIO STUDY In order to implement the statutory direction to prepare an annualized sales assessment ratio study of all commercial and industrial real property and improvements, each January 1, the department will employ th…

42.22.121 ALLOCATION PROCEDURE The department shall allot that portion of a unit valuation to Montana which represents the state's proper share of the market value of a centrally assessed company's operating property. The procedures used to assign Montana's portion of the unit va…