reglab/statecodes huggingface dataset:
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.615 - APPLICATION FOR AGRICULTURAL CLASSIFICATION OF LAND

Current through Register Vol. 13, July 5, 2024
(1) The property
				owner of record or the property owner's agent must make application to the
				department in order to secure agricultural classification of the property
				owner's land if the contiguous ownership is less than 160 acres in size. In
				order to be considered for the current tax year, an application must be filed
				on a form available from the local department office before the first Monday in
				June or 30 days after receiving an assessment notice from the department,
				whichever is later. The form must be filed with the local department
				office.
(2) A party who owns two or
				more contiguous parcels with title in nonidentical names may file an affidavit
				with the local department office to prove single ownership in the parcels.
(a) Examples of a party with title to
				multiple parcels of land in nonidentical names that may file an affidavit to
				prove single ownership include, but are not limited to:
(i) John Doe is the same person as John G.
				Doe; or
(ii) James Cole Smith is
				the same person as James C. Smith.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.620 - CRITERIA FOR AGRICULTURAL LAND VALUATION FOR LAND TOTALING LESS THAN 160 ACRES

Current through Register Vol. 13, July 5, 2024
(1) Multiple
				parcels, consisting of less than 160 acres, both contiguous and noncontiguous,
				in the same ownership, actively devoted to agricultural use and part of a bona
				fide agricultural operation must meet all of the production and income
				qualification tests in these rules for classification as agricultural
				land.
(2) Noncontiguous parcels in
				the same ownership and actively devoted to agricultural use can combine
				agricultural production and/or livestock carrying capacity to meet eligibility
				requirements. Each noncontiguous parcel of land, less than 160 acres in size
				and not a part of a larger agricultural operation, must individually meet the
				agricultural eligibility criteria set forth in this rule.
(3) An applicant for agricultural land
				classification must prove that the land indicated in the application actually
				produced agricultural crops as defined in
				15-1-101, MCA.
(4) A personal property reporting form that
				lists the farm and ranch personal property and livestock on the land must be
				completed by the current landowner and be on file at the local department
				office.
(5) If agricultural
				products, other than livestock, are marketed from the land identified in the
				application, the applicant must provide proof that the parcel(s) indicated in
				the application produced at least $1,500 gross agricultural income each
				year.
(6) Income must be from
				agricultural products marketed by, or received by the owner, the owner's family
				members, or the owner's agent, employee, or lessee. Acceptable proof of income
				must include:
(a) sales receipts;
(b) cancelled checks;
(c) copies of income tax
				statements;
(d) other written
				evidence of sales transactions;
(e)
				annual rental or lease payments of at least $1,500, provided there is
				demonstrated proof of agricultural activity on the land and the land is capable
				of sustaining that activity; or
(f)
				annual rental payments of at least $1,500, made under the federal conservation
				reserve program (CRP), or a similar program that reimburses the landowner for
				removing the land from the current agricultural use and placing it in a
				different agricultural use.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.621 - 2015 CALCULATION OF VALUE BEFORE REAPPRAISAL (VBR) FOR AGRICULTURAL LAND (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 15-7-101,
					 15-7-103, MCA; IMP:
					 15-7-111,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.625 - CRITERIA FOR AGRICULTURAL LAND VALUATION FOR LAND TOTALING 20 TO 160 ACRES IN SIZE (Repealed)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-133,
					 15-6-134,
					 15-7-201,
					 15-7-202,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.630 - PRODUCTION FAILURES

Current through Register Vol. 13, July 5, 2024
(1) The following
				types of production failures will be considered to be beyond the control of the
				producer:
(a) drought;
(b) fire;
(c) hail;
(d) insect infestation;
(e) frost;
(f) flood; or
(g) excessive rain.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.635 - MARKETING DELAY FOR ECONOMIC ADVANTAGE

Current through Register Vol. 13, July 5, 2024
(1) The
				marketing of livestock, poultry, honey and other products from bees, biological
				control insects, field crops, fruit, and other animal and vegetable matter for
				food and fiber may be delayed by the producer in order to take advantage of
				economic conditions which will become more favorable to the producer during
				subsequent months. In no case may that delay exceed 12 months from the initial
				date of application for agricultural classification. The applicant must still
				be able to provide proof of production and qualification for the previous tax
				year.
15-1-201, MCA; IMP,
					 15-7-201,
					 15-7-202,
					 15-7-203,
					 15-7-206,
					 15-7-207,
					 15-7-208,
					 15-7-209,
					 15-7-210, and
					 15-7-212,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.640 - VALUATION OF LAND OWNERSHIPS 160 ACRES OR LARGER IN SIZE

Current through Register Vol. 13, July 5, 2024
(1) In accordance
				with the provisions of
				15-7-202, MCA, contiguous parcels
				of land under one ownership as defined in ARM
				42.20.601 160 acres or larger in
				size shall be valued as agricultural land, provided that no portion of the
				ownership meets the criteria for forest land classification and there are no
				covenants, easements, deed restrictions, or other operations of law that when
				enforced prohibit the land from being used as agricultural, or the land is not
				used for residential, commercial, or industrial purposes.
(2) Under this rule, an ownership or the
				portion of an ownership meeting the criteria for forest land classification set
				forth in ARM
				42.20.156,
				42.20.705, and
				42.20.710 shall be classified and
				valued as forest land.
(3) Any
				remaining acreage in the ownership parcel will be classified and assessed as
				agricultural land provided the land is not used for residential, commercial, or
				industrial purposes, and that the land doesn't have stated restrictive
				covenants, easements, deed restrictions, servitudes, conservation easements, or
				other legal encumbrances that when enforced effectively prohibit agricultural
				use. If the remaining acreage in the ownership parcel is either used for
				residential, commercial, or industrial purposes, or has stated covenants or
				other restrictions that when enforced effectively prohibit agricultural use,
				the remaining acreage will be classified and valued as class four
				land.
(4) For contiguous parcels of
				land that are 160 acres or larger in size, and under one ownership as defined
				in ARM 42.20.601, any acreage exceeding that which meets the criteria for
				forest land set forth in ARM 42.20.156, 42.20.705, and 42.20.710, or has stated
				restrictions that when enforced effectively prohibit agricultural use, or is
				used for residential, commercial, or industrial purposes, shall be assessed and
				taxed as land not specifically included in another class in accordance with
				15-6-134(1)(a),
				MCA.
(5) Land under the CRP, the
				Integrated Farm Management (IFM) program, or any other program that reimburses
				the landowner to remove the land from the current agricultural use and places
				it in a different agricultural use shall be classified and valued in the same
				land use category the acreage was in when it became eligible for the
				programs.
AUTH:
					 15-1-201, MCA; IMP:
					 15-6-133,
					 15-7-201,
					 15-7-202,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.645 - CLASSIFICATION AND ASSESSMENT OF THOSE PORTIONS OF ANY AGRICULTURAL, NONQUALIFIED AGRICULTURAL, OR FOREST LAND PARCELS THAT ARE RESIDENTIAL, COMMERCIAL, OR INDUSTRIAL SITES

Current through Register Vol. 13, July 5, 2024
(1) Any portion
				of any parcel of land that is used as a residential, commercial, or industrial
				site (except for the one-acre area beneath the residence on agricultural land,
				which is valued as agricultural land according to
				15-7-206, MCA), shall not be
				classified as agricultural land, nonqualified agricultural land, or forest
				land.
(2) Land in contiguous
				ownerships less than 160 acres in size that do not meet agricultural,
				nonqualified agricultural land, or forest land eligibility requirements will be
				valued as class 4 property.
15-1-201, MCA; IMP,
					 15-7-201,
					 15-7-202,
					 15-7-203,
					 15-7-206,
					 15-7-207,
					 15-7-208,
					 15-7-209,
					 15-7-210,
					 15-7-212,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.650 - VALUATION OF NONQUALIFIED AGRICULTURAL LAND FROM 20 TO 160 ACRES

Current through Register Vol. 13, July 5, 2024
(1) Parcels of land that meet the criteria as
				nonqualified agricultural land under ARM
				42.20.601 are valued at the
				statewide average productivity value of grazing land.
(2) Parcels of land not qualifying for forest
				land under ARM
				42.20.705 and that qualify as
				nonqualified agricultural land under ARM
				42.20.601 are valued at the
				statewide average productivity value of grazing land.
15-1-201, MCA; IMP,
					 15-6-133,
					 15-7-201,
					 15-7-202,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.655 - VALUATION OF ONE ACRE BENEATH IMPROVEMENTS ON AGRICULTURAL AND NONQUALIFIED AGRICULTURAL LAND

Current through Register Vol. 13, July 5, 2024
(1) An agricultural
				valuation will be made for each one-acre area beneath each residence(s) located
				on agricultural land as defined in ARM
				42.20.660,
				42.20.665,
				42.20.670,
				42.20.675, and
				42.20.680.
(a) Occupancy of the residential improvement
				for the purpose of applying this rule shall be irrelevant.
(b) A single one-acre agricultural land value
				determination will be made when multiple residences are located on the same
				one-acre area.
(c) Each one-acre
				area beneath the residence(s) on agricultural land as stated in (1) shall be
				appraised according to the highest productivity value of agricultural
				land.
(d) To avoid double taxation,
				the productive capacity value for the one acre beneath the residence(s) on
				agricultural land must be subtracted from the productivity value for the entire
				property ownership.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.660 - NONIRRIGATED SUMMER FALLOW FARM LAND (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201, MCA IMP:
					 15-7-103,
					 15-7-201,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.665 - NONIRRIGATED, CONTINUOUSLY CROPPED FARM LAND (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201, MCA IMP:
					 15-7-103,
					 15-7-201,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.670 - NONIRRIGATED CONTINUOUSLY CROPPED HAY LAND (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201, MCA IMP:
					 15-7-103,
					 15-7-201,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.675 - IRRIGATED AGRICULTURAL FARM LAND VALUATION

Current through Register Vol. 13, July 5, 2024
(1) The department calculates productivity
				per acre values for irrigated farm land using the formula provided in
				15-7-201, MCA. However, the
				department applies the formula per industry standard as I/R=V.
15-7-201
(2) The department calculates net income per
				acre (I) by:
(a) multiplying the land's soil
				productivity by the average commodity price provided in ARM
				42.20.681
				to determine the gross income per acre;
(b) multiplying the gross income per acre by
				the land owner's typical crop share percentage for irrigated farm land which is
				25%; and
(c) subtracting allowable
				water costs per acre of irrigated farm land from the value determined in
				(2)(b). The department calculates allowable water costs as provided in
				15-7-201, MCA, and the
				department's Montana Agricultural Land Classification and Valuation Manual,
				adopted and incorporated by reference in ARM
				42.18.121.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.676 - NON-IRRIGATED AGRICULTURAL LAND VALUATION

Current through Register Vol. 13, July 5, 2024
(1)
				The department calculates productivity per acre values for non-irrigated
				agricultural land subclasses described in (3) and (4) using the statutory
				formula provided in
				15-7-201, MCA. However, the
				department applies the formula per industry standard as I/R = V.
(2) The department calculates net income per
				acre (I) for the land subclasses in (3) by:
(a) multiplying the land's soil productivity by the average
				commodity price provided in ARM
				42.20.681
				to determine the gross income per acre; and
(b) multiplying the gross income per acre by the land owner's
				typical crop share percentage.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.680 - GRAZING LAND (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201, MCA IMP:
					 15-7-103,
					 15-7-201,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.681 - AGRICULTURAL COMMODITY PRICES AND VALUES

Current through Register Vol. 13, July 5, 2024
(1)
				Commodity prices for the 2023-2024 appraisal cycle used for the determination
				of income are calculated using a 10-year Olympic average of prices from Montana
				Agricultural Statistics for the years 2012-2021. The department's Olympic
				average removes the highest price and the lowest price and averages the
				remaining eight prices. The commodity prices used for valuing agricultural land
				for the 2023-2024 appraisal cycle are as follows:
(a) Spring wheat price used in the valuation
				of non-irrigated summer fallow and non-irrigated continuous cropped farm lands
				is $5.96 per bushel.
(b) Alfalfa
				hay price, reduced by 20 percent as required by
				15-7-201, MCA, used in the
				valuation of irrigated and non-irrigated hay lands is $ $111.30 per
				ton.
(c) Private grazing fees used
				in the valuation of grazing lands is $23.50 per Animal Unit Month
				(AUM).
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.682 - FAMILY FARM

Current through Register Vol. 13, July 5, 2024
(1) Parcels of land
				between 20 acres and 160 acres that do not meet income requirements for
				agricultural eligibility as outlined in
				15-7-202, MCA, but which are used
				for farming or ranching, or as a part of a family farm or ranch business as
				described in
				15-7-202, MCA, may be valued as
				agricultural land if the taxpayer provides sufficient evidence, as described in
				this rule, to prove the property is part of a family farm or ranch
				business.
(2) The following proof
				of eligibility requirements will be considered when the owner of the land
				applies for agricultural land classification:
(a) the subject property must be located
				within 15 air miles of the family-operated farm or ranch;
(b) the owner of the subject property must
				submit proof that 51 percent or more of the owner's Montana annual gross income
				is derived from agricultural production;
(c) the property taxes on the subject
				property are paid by the family-operated farm or ranch business, which may be a
				family corporation, family partnership, sole proprietorship, or a family trust;
				and
(d) the owner of the property
				must submit documentation proving that at least 51 percent of the farm or ranch
				entity's Montana annual gross income is derived from agricultural
				production.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.6 - Agricultural Land › Rule 42.20.683 - SPECIALTY AND UNIQUE CROPS; ADDITIONAL REQUIREMENTS FOR AGRICULTURAL LAND CLASSIFICATION

Current through Register Vol. 13, July 5, 2024
(1) For the
				purpose of this rule, the term "specialty and unique crops" includes, but is
				not limited to, the agricultural products provided in (3)(a) through
				(g).
(2) A landowner may apply for
				agricultural land classification for specialty and unique crops. To receive
				this agricultural land classification, the landowner must prove that:
(a) the agricultural products they grow,
				raise, or produce meet the definition of agricultural in
				15-1-101, MCA;
(b) the agricultural products are grown,
				raised, or produced by the land referenced in the agricultural land
				classification application; and
(c)
				the marketing of agricultural products, other than livestock grown, raised, or
				produced by the land results in at least $1,500 annual gross income, as
				described in ARM
				42.20.620.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.701 - DEFINITIONS

Current through Register Vol. 13, July 5, 2024
The following definitions apply to this subchapter:
(1) "Board foot" means a measurement of wood
				equivalent to one inch thick by 12 inches long by 12 inches wide.
(2) "Contiguous parcels of land" means
				separately described parcels of land under one ownership that physically touch
				one another or would have touched one another were the acreages not separated
				by:
(a) forest land that can produce 100
				board feet or more of lumber per acre per year in live softwood trees as
				measured using the Scribner Log Rule, at the culmination of the mean annual
				increment for fully stocked, natural stands; and
(b) is at least 10 percent stocked with
				softwood timber of any size on an area at least 120 feet in width; or
(c) has been converted from another use and
				exhibits a minimum stocking rate of 300 seedlings and/or saplings per acre
				(12-foot average spacing); or.
(d)
				federal or state land that is leased from the federal or state government by an
				owner whose land is physically touching the federal or state land.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.705 - FOREST LAND CLASSIFICATION

Current through Register Vol. 13, July 5, 2024
(1) The
				department classifies contiguous forest land of 15 acres or more, under one
				ownership which is capable of producing timber that can be harvested in
				commercial quantity with:
(a) an annual
				productive capacity of 100 board feet or more of lumber per acre in live
				softwood trees, measured using the Scribner Log Rule, at the culmination of the
				MAI for fully stocked natural stands;
(b) softwood timber stocked at 10 percent or
				greater on an area of at least 120 feet in width; or
(c) a minimum stocking rate of 300 saplings
				per acre with 12-foot average spacing.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.710 - EXCEPTIONS TO FOREST LAND ASSESSMENT (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-44-105,
					 MCA; IMP:
					 15-44-101,
					 15-44-102,
					 15-44-103,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.715 - FOREST SITE PRODUCTIVITY (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-44-105,
					 MCA; IMP:
					 15-44-101,
					 15-44-102,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.720 - FOREST LAND VALUATION ZONES (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 15-44-105,
					 MCA; IMP:
					 15-44-101,
					 15-44-102,
					 15-44-103,
					 15-44-104,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.725 - FOREST LAND VALUATION

Current through Register Vol. 13, July 5, 2024
(1) The department
				determines productivity value of forest land by dividing the state into four
				regional forest valuation zones (zone) designed to recognize unique marketing
				areas, timber types, growth rates, access, and other pertinent factors
				affecting value. The counties contained within each zone are:
(a) Zone 1 - Northwest: Flathead, Lake,
				Lincoln, and Sanders counties;
(b)
				Zone 2 - Southwest: Deer Lodge, Granite, Mineral, Missoula, Powell, Ravalli,
				and Silver Bow counties;
(c) Zone 3
				- Central: Beaverhead, Broadwater, Cascade, Chouteau, Fergus, Gallatin,
				Glacier, Golden Valley, Hill, Jefferson, Judith Basin, Lewis and Clark,
				Liberty, Madison, Meagher, Park, Pondera, Sweet Grass, Teton, Toole, and
				Wheatland counties; and
(d) Zone 4
				- Eastern: Big Horn, Blaine, Carbon, Carter, Custer, Daniels, Dawson, Fallon,
				Garfield, McCone, Musselshell, Petroleum, Phillips, Powder River, Prairie,
				Richland, Roosevelt, Rosebud, Sheridan, Stillwater, Treasure, Valley, Wibaux,
				and Yellowstone counties.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.730 - FOREST COSTS (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 15-44-105,
					 MCA; IMP:
					 15-44-101,
					 15-44-102,
					 15-44-103,
					 15-44-104,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.735 - FOREST LAND ELIGIBILITY - OWNERSHIP (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 15-44-105,
					 MCA; IMP:
					 15-44-101,
					 15-44-102,
					 15-44-103,
					 15-44-104,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.740 - NATURAL DISASTER REDUCTION - GENERAL PRINCIPLES

Current through Register Vol. 13, July 5, 2024
(1) Forest lands with trees destroyed by
				natural disaster are eligible for a 50 percent reduction in assessed value for
				20 tax years beginning the first full tax year following the natural disaster.
				The affected forest land must have been classified as forest land under
				15-6-143,
				MCA, and had ten percent or greater stocking prior to the natural disaster, and
				less than ten percent stocking of live trees after the natural
				disaster.
(2) The property owner
				must submit the natural disaster reduction request to the department on a
				Request for Informal Classification and Appraisal Review, Form AB-26.
(a) A Form AB-26 submitted in the year the
				natural disaster occurred or during the first full year following the natural
				disaster, and the reduction is approved, the property owner will receive the 50
				percent reduction in assessed value for 20 years.
(b) A Form AB-26 submitted in any subsequent
				year after the first full year following the natural disaster, and the
				reduction is approved, the property owner will receive the 50 percent reduction
				for the year the Form AB-26 was submitted and the remaining years of the
				20-year reduction period.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.745 - FOREST LAND VALUE CHANGE PROCESS

Current through Register Vol. 13, July 5, 2024
(1) Forest
				land productivity value is subject to change as a result of reappraisal, a land
				use change, or through acreage changes incidental to updates from the
				Geographic Information System or fluctuations in agricultural land use due to
				typical farming practices. The department must phase in value increases as
				provided in
				15-7-111,
				MCA.
(2) Before the department can
				apply any annual phase-in value, the department first determines the difference
				between the value before reappraisal (VBR) and the full reappraisal
				value.
(3) If the forest land's
				productivity value changes as a result of:
(a) reappraisal, the department will use the
				full reappraisal value from the previous reappraisal cycle as the
				VBR;
(b) a land use change, the VBR
				is calculated as if the new forest land acres had existed before reappraisal;
				or
(c) acreage changes due to
				department updates from the Geographic Information System, or due to incidental
				fluctuations in agricultural land use due to typical farming practices, the
				department will use the forest land value from the last year of the previous
				valuation cycle as the VBR.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.7 - Forest Land › Rule 42.20.750 - VALUATION OF ONE ACRE BENEATH IMPROVEMENTS ON FOREST LAND (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-44-105,
					 MCA; IMP:
					 15-6-134,
					 15-7-103,
					 15-7-201,
					 15-7-202,
					 15-8-111,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.8 - Property Tax Refund - 2006 › Rule 42.20.801 - DEFINITIONS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201,
					 15-30-105,
					 15-30-140, MCA; IMP, Ch. 6. Sp.
					 Laws May 2007,
					 15-1-201,
					 15-30-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.8 - Property Tax Refund - 2006 › Rule 42.20.802 - QUALIFYING FOR THE 2006 PROPERTY TAX REFUND (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201,
					 15-30-105,
					 15-30-140, MCA; IMP, Ch. 6. Sp.
					 Laws May 2007,
					 15-1-201,
					 15-30-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.8 - Property Tax Refund - 2006 › Rule 42.20.803 - PROPERTY TAX REFUND FOR ENTITIES OWNING A RESIDENCE (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201,
					 15-30-105,
					 15-30-140, MCA; IMP, Ch. 6. Sp.
					 Laws May 2007,
					 15-1-201,
					 15-30-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.8 - Property Tax Refund - 2006 › Rule 42.20.804 - GOOD CAUSE FOR EXTENDING FILING PERIOD FOR PROPERTY TAX REFUND; PROCEDURE FOR REQUESTING AN EXTENSION; DEMONSTRATING "GOOD CAUSE" (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201,
					 15-30-105,
					 15-30-140, MCA; IMP, Ch. 6 Sp.
					 Laws May 2007,
					 15-1-201,
					 15-30-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.20 - REAL PROPERTY › Subchapter 42.20.9 - Privately Owned Sanitary Landfills › Rule 42.20.902 - METHOD FOR VALUATION OF LICENSED LANDFILLS

Current through Register Vol. 13, July 5, 2024
(1) The market value of licensed landfills
				for each reappraisal cycle shall be determined through use of the royalty
				method. If during the course of a reappraisal cycle it becomes necessary,
				pursuant to
				15-7-111, MCA, to adjust the
				market value of the licensed landfill to account for the addition, deletion, or
				retirement of property, the market value shall be determined through use of the
				same royalty method.
(2) The
				royalty method that will be used to determine the market value of licensed
				landfills will be applied using the following steps:
(a) The department shall estimate the amount
				of waste coming into the landfill for the appraisal period. The owner of the
				licensed landfill or its agent shall provide copies of its Department of
				Environmental Quality, Solid Waste Management System License Renewal
				Application for each of the immediate five years prior to the appraisal period.
				The amount of tonnage reported on the applications for the referenced five-year
				time period will be reviewed to estimate the annual increase of waste tonnage
				for the remaining economic life of the licensed landfill.
(i) The following calculation will be used to
				estimate annual incoming waste tonnage:
tons from the most recent year
x (1 + estimated annual increase)
= estimated first year tonnage.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.101 - AIRCRAFT (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-138,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.102 - WATERCRAFT AND MOTORS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-146,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.103 - SNOWMOBILES (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-138,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.104 - MOTORCYCLES (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; Eff. 1/1/86; IMP,
					 15-6-138,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.105 - AUTOMOBILES AND LIGHT TRUCKS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-139,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.106 - TRUCKS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-138,
					 15-6-139,
					 15-6-140,
					 61-3-321,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.107 - TRAILERS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-138,
					 15-6-139,
					 15-6-201,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.108 - HOUSE TRAILERS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-139,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.109 - MOBILE HOMES (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-134,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.110 - APPRAISAL OF MOBILE HOMES (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-134,
					 15-8-111,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.111 - REVIEW OF MOBILE HOME APPRAISAL (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-134,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.112 - MOBILE HOME - IMPROVEMENT TO REAL PROPERTY (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-1-101,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.113 - LEASED AND RENTAL EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 15-23-108,
					 MCA; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-202,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.114 - ABSTRACT RECORD VALUATION (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.115 - ADJUSTED TAX RATE (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-138,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.116 - EXEMPT INTANGIBLE PERSONAL PROPERTY DEDUCTION FOR COMMERCIAL AND INDUSTRIAL PROPERTY

Current through Register Vol. 13, July 5, 2024
(1) The value of
				exempt intangible personal property will be for the amount stated in the
				taxpayer's accounting records subject to review and verification by the
				department.
15-1-201, MCA; IMP,
					 15-6-138,
					 15-6-218,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.120 - TREATMENT OF AGRICULTURAL PRODUCTS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-136,
					 15-6-207,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.121 - UNPROCESSED AGRICULTURAL PRODUCTS ON THE FARM OR IN STORAGE, EXCEPT PERISHABLE FRUITS, VEGETABLES, LIVESTOCK, AND POULTRY (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.122 - LIVESTOCK (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-135,
					 15-6-136,
					 15-6-137,
					 15-6-138,
					 15-6-207,
					 15-24-921,
					 15-24-922,
					 15-24-925,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.123 - FARM MACHINERY AND EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA IMP:
					 15-6-135,
					 15-6-138,
					 15-6-202,
					 15-6-207,
					 15-6-219,
					 15-8-111,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.124 - PER CAPITA LIVESTOCK TAX REPORTING PROCEDURE (REPEALED)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201, MCA; IMP:
					 15-6-207,
					 15-24-921,
					 15-24-922,
					 15-24-925,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.131 - HEAVY EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 15-23-108,
					 MCA IMP:
					 15-6-135,
					 15-6-138,
					 15-6-202,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.132 - MINING EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA, IMP:
					 15-6-135,
					 15-6-138,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.133 - OIL FIELD MACHINERY AND SUPPLIES (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.134 - FURNITURE AND FIXTURES USED IN COMMERCIAL ESTABLISHMENTS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-137,
					 15-6-139,
					 15-6-140,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.135 - STOCKS OF MERCHANDISE (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-136,
					 15-24-402,
					 15-24-403,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.136 - BILLBOARDS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-139,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.137 - SEISMOGRAPH UNITS AND ALLIED EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA ; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.138 - OIL AND GAS FIELD MACHINERY AND EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-213,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.139 - WORK-OVER AND SERVICE RIGS (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.140 - OIL DRILLING RIGS (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.151 - LOCALLY ASSESSED CABLE TELEVISION SYSTEMS (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.152 - BOWLING ALLEYS (REPEALED)

Current through Register Vol. 13, July 5, 2024
15-1-201, MCA; IMP,
					 15-6-139,
					 MCA;
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.153 - SKI LIFT EQUIPMENT (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-135,
					 15-6-138,
					 15-6-219,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.155 - PERSONAL PROPERTY CATEGORIES AND TRENDED DEPRECIATION METHODOLOGIES

Current through Register Vol. 13, July 5, 2024
(1) The department
				has established eight categories of personal property for determination of
				trend factors and depreciation, and trended depreciation schedules of four,
				five, ten, fifteen, or twenty years have been assigned for each category based
				on its type and expected useful lifespan, as provided in (4). The equipment
				listings in (4) provide representative examples of property in a category and
				are not meant to be an exhaustive list.
(2) Each trended depreciation schedule
				contains a residual trended percent good, designated as "older" in the final
				row of each schedule, which is applied to an item of personal property that
				exceeds the typical lifespan because personal property remains taxable until
				its disposal. The purpose of trended depreciation is to bring the cost of
				equipment acquired in a previous year to an approximate current cost before
				depreciating it.
(3) Prior to
				January 1 of each year, the department will use cost index trends for equipment
				and depreciation percentages for furniture and fixtures from the previous
				July's edition of Marshall & Swift Valuation Service Guide (Marshall &
				Swift Guide) to calculate the trend factors and the trended percent good for
				the schedules in (4). The Marshall & Swift Guide is a widely recognized
				valuation authority which the department adopts and incorporates by reference.
				The Marshall & Swift Guide may be reviewed at the department's central
				office or purchased from the publisher: Corelogic, 40 Pacifica Street, Suite
				900, Irvine, California 92618.
(a) The trends
				from the Marshall & Swift Guide represent industry-wide national average
				changes in equipment costs - customarily increases - from the base year, 1926.
				Trends are typically greater than a value of one, but may be less than
				one.
(b) For trended depreciation
				schedules, the department calculates the year one trend for each schedule as
				the average trend of the first three quarters of the current year. The trend
				for each successive year is the final trend for that year.
(i) Using year one as the base year, the
				department calculates the changes in equipment costs - the trend factors - for
				each schedule in (4), as the quotient of the year one trend and any following
				year's trend.
(ii) The department
				then uses the depreciation percentages from the Marshall & Swift Guide to
				calculate the "percent good" over the period of years that is typical for each
				property category. Trended percent good is then calculated as the product of
				the percent good and the trend factor for each year represented in a
				schedule.
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.156 - CATEGORIES (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-138,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.157 - PREPARATION OF TREND FACTOR SCHEDULES (Repealed)

Current through Register Vol. 13, July 5, 2024
AUTH:
					 15-1-201,
					 MCA; IMP:
					 15-6-138,
					 MCA
Administrative Rules of Montana › Department 42 - REVENUE › Chapter 42.21 - PERSONAL PROPERTY › Subchapter 42.21.1 - Market Value of Personal Property › Rule 42.21.158 - PERSONAL PROPERTY REPORTING REQUIREMENTS

Current through Register Vol. 13, July 5, 2024
(1) A taxpayer having property in the state
				of Montana on January 1 of each tax year, must complete the statement as
				provided in
				15-8-301,
				MCA, by submitting a completed personal property reporting form.
(2) The statement must provide pertinent
				information about each item of personal property, including the year acquired,
				acquired cost, and installation cost. For any items acquired through a means
				other than the open marketplace, the owner must provide a reasonable estimate
				of the item's open market value at the time of acquisition. Multiple smaller
				items acquired in the same year can be reported as a group rather than
				itemized, such as hand-held tools.
(3) Personal property that is expensed or
				fully depreciated for other tax or accounting purposes remains taxable for
				property tax purposes and must be reported.
(4) For the purposes of this rule, the
				statewide aggregate market value of a taxpayer's personal property includes all
				property owned, claimed, possessed, controlled, or managed by an individual or
				business entity, either directly or indirectly through an affiliated entity or
				family member, unless that property is specifically exempted by law.
(5) As used in this rule, "affiliated entity"
				means:
(a) a member of a combined group of
				unitary corporations filing a Montana corporation license tax return;
(b) a member of an affiliated group of
				corporations filing a U.S. Consolidated Income Tax Return;
(c) any corporation if the individual or
				business entity directly or indirectly owns more than 50 percent of the stock
				value or voting power;
(d) any
				partnership if the individual or business entity directly or indirectly owns
				more than 50 percent of the capital interest in, or the profits of, the
				partnership;
(e) a corporation and
				a partnership if the same persons own:
(i)
				more than 50 percent in value of the corporation's stock; and
(ii) more than 50 percent of the capital
				interest in, or the profits of, the partnership;
(f) an S corporation and another S
				corporation, if the same individuals own more than 50 percent in value of the
				outstanding stock of each corporation;
(g) an S corporation and a C corporation, if:
(i) the same individuals own more than 50
				percent in value of the outstanding stock of each corporation; and
(ii) any trust, if the individual or business
				entity is the grantor or a beneficiary.