(Download) "Hecla Mining Company v. Idaho State Tax" by Supreme Court Of Idaho # Book PDF Kindle ePub Free
eBook details
- Title: Hecla Mining Company v. Idaho State Tax
- Author : Supreme Court Of Idaho
- Release Date : January 05, 1985
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
The facts in this case are not in dispute. Enacted in 1935, the Mine License Tax Act, I.C. § 47-1201 (1984) (hereafter MLTA) imposes a license tax on the privilege of mining in Idaho. In the years at issue, the license tax was 3% of the value of the ore extracted. Certain costs, deductions and expenses are allowed as deductions from the gross receipts for the calendar year. These deductions include, among others, a deduction for federal taxes paid or accrued.