Me. Stat. tit. 36 § 2856

Current through 131st (2023-2024) Legislature Chapter 684

Section 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: [1981, c. 711, §10(NEW).]

1.Tax on facilities and equipment. The value of facilities and equipment multiplied by 0.005; or

[1981, c. 711, §10(NEW).]

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).]

36 M.R.S. § 2856

1981, c. 711, § 10 (NEW) .