The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-10-24
NOTICE OF ELECTION
PROPOSED PETITION FOR lNlTI-
ALIVE NO. %.

"a Bill to enact by the Initiative a
law providing for licenses Tor re-
venue purposes, requiring all per-
sons. individuals, firms, copartner-
ships. associations, JOINT stock com.
panies, common-law companies, bust
ness trusts, syndicates and corpora
tions, engaging in or carrying on the
business OF working or operating
any mine, or mining property in the
State of Montana, from which gold,
silver, copper, lead, or any other
metal or metals or precious or semi
precious gems or stones OF any kind
shall be mined, extracted or produc-
ed to pay to the State Treasurer an
annual license tax for engaging IN
and carrying on such business in
this State fixing the amount OF
such license tax, providing a method
for the assessment and collection
thereof and the disposition of the
proceeds of such license tax; pre-
scribing penalties for violations of
the provisions of this Act, and re-
pealing with certain reservations,
Sections 2344 to 1855, both inclusive
of the Revised Codes OF Montana OF
1921
BE IT ENACTED BY THE PEOPLE
OF MONTANA:
Section l. "Person Defined"
The term Person." as used in this
act snail mean and INCLUDE any indI-
vldual, firm, partnership, associa.
ton, JOINT stock company, common
law company, business trust, syndi-
cate, and corporation.
Section 2. LICENSE Tax. Every
person who engages in or carries ON
the business OF working or operating
any mine or mining property in the
State of Montana from which gold, |
silver, copper, lead or other metal
or metals, or precious or semi-pre-
cious gems or stones OF any kind |
shall be mined, extracted or produc-
ed, whether such person shall carry |
on such business or engage in sucn
work or operations as owner, lessee,
trustee, possessor, receiver, or in any
other capacity, must for the year
1925, and each year thereafter, when
engaged in or carrying ON such
business, work or operations, pay 10
the State Treasurer, Tor tie 49,.
sive use and benefit OF the State of
Montana, a license tax for engaging
in and carrying on such business,
work or operation in this State,and
shall pay to SUCH State Treasurer
for such annual license the taxes
hereinafter prescribed, provided,
however, that nothing contained in
this act shall be construed as requir-
ing laborers or employees hired or
1D1nlnUpH hU a N 70 1
to work in or about any mine or min {
ing business or property, to procure
such license, or to pay such
license taxes, nor shall any
discovery work required to be done
in prospecting for or locating any
mining claims, or any annual as
sessment work, or work required in 8
the obtaining of title to mining pro- l.
perty from the United States, or re- '
CURED by the laws of the United t
States or OF this State in order to [
hold possessory title to any mining g
claims, be deemed the engaging in S
or carrying on of the business of o
working or operating any such mine 1
or mining property Il
Section ). Gross Value of Pro /
duct, How Determined: The total 7
Gross Value of Product" as used in Il
this Act, shall mean the market o
value of all merchantable metals, d
precious and semi-precious gems and I
stones extracted or produced, each a
year from any mine or mining pro- b
perty in the State of Montana or re-
covered from the smelling, milling, n
reduction, or treatment in any man p
ner of ores extracted from any such o
mine or mining property or from e
tailings resulting from the smelling, Il
reduction or treatment of any such II
ores. That whenever the ores require I
reduction, or treatment TO q
ascertain the metal contents of such u
ores, the gross value of the product II
thereof shall be determined by TAX Il
ing the market value of all merchant Il
able metals or mineral products ex- ii
tracted or recovered thereby, as p
shown by the gross smelter returns 81
OF such metals or mineral products in d
dollars and cents, without any de- b.
auctions for costs of smelling, reduc- II
ton or treatment. or otherwise, S;
based upon the average quotations tC
OF the price OF such metals, or min
eral products, in the City of New r
Y DIRK, as evidenced by some estab- u,
llshed authority or market report, S!
such as the Engineering and Mining b,
Journal of New York City, or other di
standard publications, giving the mar W
iet reports during the calendar ii
fear Immediately preceding Should az
here be no quotation covering any pr
particular product, then State Board al
If Equalization shall fix the value of OF
such gross product, or such portion et
hereof in such a manner as may tv
seem equitable. tn
Section 4. Amount of Tax. The III
annual License Tax to be paid by
iuch person engaged in or carrying F
IN the business of working or oper- 81
ting any mine or mining property al
n this state from which gold, silver, W
copper, lead or any other metal or b
metals, precious or semi-precious di
,ems or stones are produced. shall as
'e one dollar, together with an addi- m
ional sum or amount equal to an re
computed on the gross value &C
# product which may have been la