Form Rcc-1 - Railroad Car Company Annual Reporting Form - 2013 Page 3
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2
3Extensions
Extensions may be granted for good cause only. All extension requests must be filed prior to the reporting
deadline.
Reductions for inactivity / idle cars / ‘non-operating assets’
Requests for reductions in assessed value for inactivity, idle cars, and/or 'non-operating assets' will be declined.
The equations used by Montana to assess railroad car companies are dictated by Administrative Rules, and were
developed using a negotiated rule-making process with the railroad car industry. The rules and equations do not
contain an idle car provision.
Montana’s appraisal of railroad cars is based upon unitary valuation. In the case of railroad cars, the "Unit" is the
company's railroad car fleet . Taxes are apportioned based upon the total number of actual miles traveled by the
fleet in Montana, a methodology which directly reflects the activity or inactivity of the fleet.
Completion
All schedules (RCC-1, RCC-2, and RCC-3) must be completed. Additional pages may be attached if more space is
needed, provided the additions retain the required fields and format. The annual report is not intended to in any
way limit the information a company may wish to submit; rather it provides the minimum information needed by
the department.
Reporting as Agent
When reporting as agent for multiple companies, each represented company must be reported individually as a
stand-alone report. The company for whom the report is being made will be reported in the Company Information
section of the RCC-1. The reporting agent and/or agency will be identified in the Contact Information section.
NOTICE
If any person fails to file a report within the time established in 15-23-103 MCA, or by such a later date as the
Department may approve, the Department shall estimate the value of the property to have been reported on the
basis of the best available information as prescribed in 15-1-303 MCA. Further, Department shall assess and
collect a late-filing penalty of $50 or the amount of the tax, whichever is less, and for each month or part of a
month a report is delinquent, the Department shall also assess a penalty of 12% annually on the unpaid tax, per 15-
1-216 MCA.
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