Maine Revised Statutes Title 36 Sec. 2857 – Returns
Current as of: 2023 | Check for updates
|
Other versions
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).]
Terms Used In Maine Revised Statutes Title 36 Sec. 2857
- Return: means any document, digital file or electronic data transmission containing information required by this Title to be reported to the State Tax Assessor. See Maine Revised Statutes Title 36 Sec. 111
- 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
- Taxpayer: means any person required to file a return under this Title or to pay, withhold and pay over or collect and pay over any tax imposed by this Title. See Maine Revised Statutes Title 36 Sec. 111
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Form and contents. The return shall indicate:
A. The tax due; [PL 1981, c. 711, §10 (NEW).]
B. The estimated tax payments made; [PL 1981, c. 711, §10 (NEW).]
D. Information relating to the value of facilities and equipment, gross proceeds, net proceeds or other relevant information as the State Tax Assessor may by rule require. [PL 1981, c. 711, §10 (NEW).]
[PL 1981, c. 711, §10 (NEW).]
3. Payments. A mining company shall pay the tax due, less estimated tax payments and credits, at the time its annual return is due without extensions.
[PL 1981, c. 711, §10 (NEW).]
4. Extensions. The State Tax Assessor may grant a reasonable extension of time for filing a return, declaration, statement or other document or payment of tax or estimated tax required by this chapter on such terms and conditions as he may require. The extension may not exceed 8 months.
[PL 1981, c. 711, §10 (NEW).]
5. Computation. In computing a mining company’s tax, gross proceeds and net proceeds shall be computed as if each mine site were a separate taxpayer. The State Tax Assessor may distribute, apportion or allocate on a reasonable basis gross proceeds, deductions, credits or allowances between or among mining companies or mine sites, if such distribution, apportionment or allocation is necessary to prevent evasion of taxes imposed by this chapter, or to reflect clearly the gross or net proceeds of any mining company or mine site.
[PL 1981, c. 711, §10 (NEW).]
SECTION HISTORY
PL 1981, c. 711, §10 (NEW).