Cloud Peak Energy Wins Challenge To $3.4M Mont. Tax Bill

Law360, New York (November 5, 2013, 5:10 PM EST) -- Montana must recalculate a $3.4 million tax bill for coal producer Cloud Peak Energy Inc. after a Montana state judge said the state Department of Revenue used the wrong market value to compute some of Cloud Peak's sales, according to a ruling released Monday.

Judge Jeffrey M. Sherlock said the state should have made its calculations based on coal prices during the time that Cloud Peak entered its contracts, not on coal prices that are operative when the coal shipped, because the prices were set at...
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