The electricity tax applies to water-generated electricity. Electricity is exempt from tax if it is used for irrigation. It is also exempt if it is used or sold for manufacturing, mining, milling, smelting, refining or processing.
.5 mill per kilowatt hour.
If the previous year’s annual tax liability for an electricity producer is greater than $15,000, it must file monthly. If the previous year’s annual tax liability is $15,000 or less, at the Tax Commissions discretion may file quarterly.
- Forms 48 and 48-CM are due by the last day of the month following the end of the reporting month.
- Form 48-C is due by the last day of the month following the end of the reporting quarter.