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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-23-501

Taxation Of Mines

Official textleg.mt.gov

15-23-501 . Taxation of mines.

# (1)

All mines and mining claims, both placer and rock in place, containing or bearing gold, silver, copper, lead, coal, or other valuable mineral deposits, after purchase of the mines and mining claims from the United States, are taxed as all other land is taxed. All machinery, equipment, and other personal property used in mining or appurtenant to mines and mining claims that have a value separate and independent of the mines or mining claims and, except as provided in subsection (2), the annual net proceeds of all mines and mining claims are taxed as other personal property. Surface improvements upon or appurtenant to mines and mining claims that have a value separate and independent of the mines or mining claims are taxed as other improvements.

# (2)

Bentonite produced from mines and mining claims is not subject to net proceeds taxation and is taxed as provided in Title 15, chapter 39, part 1.

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In this chapter (40 sections)
  1. 15-23-115 · Interest
  2. 15-23-116 · Statute Of Limitations
  3. 15-23-201 · Renumbered 15-23-204
  4. 15-23-202 · Renumbered 15-23-205
  5. 15-23-203 · Definitions Relating To Taxes
  6. 15-23-204 · Assessment Of Railroads
  7. 15-23-205 · Assessment -- How Made
  8. 15-23-206 · Through 15-23-210 Reserved
  9. 15-23-211 · Definitions
  10. 15-23-212 · Annual Report
  11. 15-23-213 · Assessment -- Allocation -- Taxable Value
  12. 15-23-214 · Determination Of Tax -- Payment -- Penalty And Interest
  13. 15-23-215 · Deposit Of Taxes
  14. 15-23-216 · Lien -- Collection Actions
  15. 15-23-301 · Officers Of Certain Public Utility Companies To Furnish…
  16. 15-23-302 · Repealed
  17. 15-23-303 · Assessment Of Property -- Apportionment To Counties
  18. 15-23-401 · Definitions
  19. 15-23-402 · Report By Airline Company
  20. 15-23-403 · Determination Of Value -- Exception For New Aircraft And…
  21. 15-23-501 · Taxation Of Mines
  22. 15-23-502 · Net Proceeds Tax -- Statement Of Yield
  23. 15-23-503 · Net Proceeds -- How Computed
  24. 15-23-504 · Lien Of Tax And Penalty
  25. 15-23-505 · Assessment Of Royalties
  26. 15-23-506 · False Or Fraudulent Reports
  27. 15-23-507 · Taxation And Payment On Royalty Interests
  28. 15-23-508 · Lien Of Tax -- Enforcement Of Payment
  29. 15-23-509 · Repealed
  30. 15-23-510 · Through 15-23-514 Reserved
  31. 15-23-515 · Net Proceeds For Talc -- Statement -- Value
  32. 15-23-516 · Net Proceeds For Vermiculite -- Statement -- Value
  33. 15-23-517 · Net Proceeds For Limestone -- Statement -- Value
  34. 15-23-518 · Net Proceeds For Industrial Garnets And Byproducts --…
  35. 15-23-519 · And 15-23-520 Reserved
  36. 15-23-521 · Examination Of Records By Department
  37. 15-23-522 · Surface Ground And Improvements Not Exempt
  38. 15-23-523 · Dissolved Corporations To Make Returns On Net Proceeds Of…
  39. 15-23-601 · Repealed
  40. 15-23-602 · Repealed
Full table of contents →