Maine Revised Statutes Title 36 Sec. 2856 – Amount of tax
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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 equipment. The value of facilities and equipment multiplied by 0.005; or
[PL 1981, c. 711, §10 (NEW).]
Terms Used In Maine Revised Statutes Title 36 Sec. 2856
- Tax: means the total amount required to be paid, withheld and paid over or collected and paid over with respect to estimated or actual tax liability under this Title, any credit or reimbursement allowed or paid pursuant to this Title that is recoverable by the assessor and any amount assessed by the assessor pursuant to this Title, including any interest or penalties provided by law. See Maine Revised Statutes Title 36 Sec. 111
2. Tax on gross proceeds. The gross proceeds multiplied by:
A. If net proceeds are greater than zero, the greater of the following:
(1) 0.009; or
(2) A number determined by subtracting from 0.045 the quotient obtained by dividing:
(a) Gross proceeds, by
(b) Net proceeds multiplied by 100. [RR 2013, c. 2, §45 (COR).]
B. If net proceeds are equal to or less than zero, then 0.009. [RR 2013, c. 2, §45 (COR).]
[RR 2013, c. 2, §45 (COR).]
SECTION HISTORY
PL 1981, c. 711, §10 (NEW). RR 2013, c. 2, §45 (COR).