36 §2855. Definitions
§2855. Definitions 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. [PL 1987, c. 504, §3 (RP).] 2. Commencement of mining. “Commencement of mining” means when the mine is opened and in the process of development, […]
36 §2856. Amount of tax
§2856. Amount of tax The amount of the annual excise tax on a mining company shall be the sum of the excise taxes due on each mine site. The excise tax due on each mine site shall be the greater of the following: [PL 1981, c. 711, §10 (NEW).] 1. Tax on facilities and […]
36 §2857. Returns
§2857. Returns 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 State Tax Assessor for each tax year. [PL 1981, c. 711, §10 (NEW).] 2. Form and contents. The […]
36 §2858. Credits, refunds and amendments
§2858. Credits, refunds and amendments Credits, refunds and amendments shall be computed and applied separately for each mine site. The following provisions shall apply. [PL 1981, c. 711, §10 (NEW).] 1. Credit for property tax prior to commencement of mining. A credit shall be allowed for property taxes paid by a mining company or […]
36 §2859. Estimated tax requirements
§2859. Estimated tax requirements A mining company shall make payments of estimated tax pursuant to section 5228, except that the estimated tax liability is to be based on liability for the mining excise tax rather than the income tax. [PL 1985, c. 691, §§ 27, 48 (RPR).] SECTION HISTORY PL 1981, c. 711, §10 […]
36 §2860. Enforcement (REPEALED)
§2860. Enforcement (REPEALED) SECTION HISTORY PL 1981, c. 711, §10 (NEW). PL 1989, c. 502, §A132 (AMD). PL 2011, c. 240, §23 (RP).
36 §2861. Municipal reimbursement
§2861. Municipal reimbursement 1. Reimbursement. Excise tax revenues shall be used first to reimburse municipalities for the tax exemptions established by this chapter. [PL 1981, c. 711, §10 (NEW).] 2. Treasurer’s duties. The Treasurer of State shall reimburse each municipality at least 50% and, if revenues from the Mining Excise Tax are available, up […]
36 §2862. Distribution of remaining revenues
§2862. Distribution of remaining revenues Excise tax revenues remaining after municipal reimbursement and payments into the Mining Oversight Fund under section 2861 must be used as follows. [PL 2011, c. 653, §5 (AMD); PL 2011, c. 653, §33 (AFF).] 1. First year. In the first year following the commencement of mining, revenues shall be […]
36 §2863. Grants for impact assistance
§2863. Grants for impact assistance The Mining Impact Assistance Fund shall be used to provide impact assistance to municipalities, counties or the Unorganized Territory Education and Services Fund, as follows. [PL 1981, c. 711, §10 (NEW).] 1. Definitions. For the purposes of this section, unless the context otherwise indicates, the following terms have the […]
36 §2864. Just value (REPEALED)
§2864. Just value (REPEALED) SECTION HISTORY PL 1981, c. 711, §10 (NEW). PL 1987, c. 772, §27 (RP).