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Coal Severance Tax (Montana)
DSIRE/LstUpdt September 15, 2014  +
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/AddlPlaceSelector State-Level  +
Incentive/AddlPlaceStates Montana: Energy Resources +
Incentive/ApplDsc Commercial  + , Industrial  + , Institutional  + , Investor-Owned Utility  + , Municipal/Public Utility  + , Rural Electric Cooperative  + , Utility  +
Incentive/Auth2Code 17-5-7 MCA  +
Incentive/Auth2Link http://leg.mt.gov/bills/mca_toc/17_5_7.htm  +
Incentive/Auth3Code 15-35-103 MCA  +
Incentive/Auth3Link http://leg.mt.gov/bills/mca/15/35/15-35-103.htm  +
Incentive/AuthCode 15-35-1 MCA  +
Incentive/AuthLink http://leg.mt.gov/bills/mca_toc/15_35_1.htm  +
Incentive/ContAddr Sam W. Mitchell Bldg.  +
Incentive/ContAddr2 125 N. Roberts, 3rd Floor  +
Incentive/ContDept Montana Department of Revenue  +
Incentive/ContPlace Helena, Montana  +
Incentive/ImplSector State/Province  +
Incentive/Name Coal Severance Tax (Montana)  +
Incentive/PolicyType Other Policy  +
Incentive/ProgAdmin Montana Department of Revenue  +
Incentive/Summary The Coal Severance Tax replaces and stream …
The Coal Severance Tax replaces and streamlines previous coal taxes to: (a) allow the severance taxes on coal production to remain a constant percentage of the price of coal; (b) stabilize the flow of tax revenue from coal mines to local governments through the property taxation system; (c) simplify the structure of coal taxation in Montana, reducing tax overlap and improving the predictability of tax projections; (d) recognize the economic, transportation, and environmental advantages of electrical generation by modern electrical generation plants near coal mines; and (e) accomplish the purposes of this subsection by establishing categories of taxation that recognize the unique character of coal, as well as the variations found within the coal industry, and by encouraging the use of coal to produce electricity in modern generating plants near the coal mine. Persons producing less than 50,000 tons of coal in a year are exempt from the severance tax. Persons producing in excess of 50,000 tons per year are exempt from the severance tax on the first 20,000 tons produced. The first 2 million tons of coal produced as "feed stock" for a coal enhancement facility is exempt. Funds from the Coal Severance Tax are placed into a tax trust bond fund, which is used as a reserve fund to guarantee repayment of state bonds for renewable resource projects if the normal funding source is unavailable.
the normal funding source is unavailable.  +
Incentive/TechDsc Coal with CCS +
Incentive/Type Fees +
Incentive/UserSource http://revenue.mt.gov/Portals/9/businesses/TaxIncentives_Relief/businesstax_incentives/NaturalResourceTax_Incentives-Credit.pdf  +
Incentive/Website http://revenue.mt.gov/home/businesses/naturalresource_taxes  +
OpenEI/PageDescription Coal Severance Tax (Montana): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Montana  + , Fees  + , Montana Department of Revenue  +
Place Montana: Energy Resources +
Categories EZFeed Policies , Incentive with Contacts , Incentive with Authorities
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
02:11:38, 13 February 2015  +
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