reglab/statecodes huggingface dataset:
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-601. Repealed

15-31-601. Repealed.
Sec. 2, Ch. 252, L. 1989.
History: En. Sec. 1, Ch. 469, L. 1973; R.C.M. 1947, 84-708.2; amd. Sec. 24, Ch. 581, L. 1979.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-602. Repealed

15-31-602. Repealed.
Sec. 2, Ch. 252, L. 1989.
History: En. Sec. 2, Ch. 469, L. 1973; R.C.M. 1947, 84-708.3.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-603. List of entities furnished by secretary of state

15-31-603. List of entities furnished by secretary of state.
On or before the 15th day of each month, the secretary of state shall provide a list of all new corporations, limited partnerships, limited liability companies, and limited liability partnerships, foreign and domestic, subject to the terms of Title 35, chapters 1, 4, 5, 8 through 10, and 12, to the department of revenue. The list must include the following information:
(1) the name of the entity;
(2) the principal office of the entity;
(3) the name and address of the registered agent of the entity in Montana, if applicable; and
(4) other information that the director of the department of revenue may require.
History: En. Sec. 3, Ch. 469, L. 1973; R.C.M. 1947, 84-708.4; amd. Sec. 1, Ch. 252, L. 1989; amd. Sec. 14, Ch. 143, L. 2001; amd. Sec. 1, Ch. 273, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-604. Repealed

15-31-604. Repealed.
Sec. 2, Ch. 252, L. 1989.
History: En. Sec. 4, Ch. 469, L. 1973; R.C.M. 1947, 84-708.5.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-605. Repealed

15-31-605. Repealed.
Sec. 2, Ch. 252, L. 1989.
History: En. Sec. 5, Ch. 469, L. 1973; R.C.M. 1947, 84-708.6; amd. Sec. 25, Ch. 581, L. 1979.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-606. Repealed

15-31-606. Repealed.
Sec. 2, Ch. 252, L. 1989.
History: En. Sec. 6, Ch. 469, L. 1973; R.C.M. 1947, 84-708.7.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 6. Lists of Corporations › 15-31-607. Repealed

15-31-607. Repealed.
Sec. 2, Ch. 252, L. 1989.
History: En. Sec. 7, Ch. 469, L. 1973; R.C.M. 1947, 84-708.8.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 7. Bank, Moneyed Capital, and Shares Exempt › 15-31-701. Repealed

15-31-701. Repealed.
Sec. 253, Ch. 574, L. 2001.
History: En. Sec. 5, Ch. 634, L. 1979; amd. Sec. 12, Ch. 811, L. 1991; amd. Sec. 2, Ch. 369, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 7. Bank, Moneyed Capital, and Shares Exempt › 15-31-702. Repealed

15-31-702. Repealed.
Sec. 253, Ch. 574, L. 2001.
History: En. Sec. 6, Ch. 634, L. 1979; amd. Sec. 10, Ch. 703, L. 1985; amd. Sec. 12, Ch. 16, L. 1991; amd. Sec. 2, Ch. 626, L. 1991; amd. Sec. 4, Ch. 455, L. 1993; amd. Sec. 11, Ch. 18, L. 1995; amd. Sec. 3, Ch. 369, L. 1997; amd. Sec. 33, Ch. 51, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 7. Bank, Moneyed Capital, and Shares Exempt › 15-31-703. Moneyed capital and shares of banks exempt

15-31-703. Moneyed capital and shares of banks exempt.
(1) Moneyed capital and shares of banks are exempt from taxation.
(2) "Moneyed capital" means money, bonds, notes, and other evidence of indebtedness, including evidence of indebtedness secured by a mortgage on real or personal property, in the hands of individual citizens and corporations coming into competition with the business of national banks or employed in conducting a banking or investment business.
History: En. Sec. 7, Ch. 634, L. 1979.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-801. Repealed

15-31-801. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 56, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-802. Repealed

15-31-802. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 57, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-803. Repealed

15-31-803. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 58, Ch. 382, L. 1997; amd. Sec. 1, Ch. 3, Sp. L. May 2000.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-804. Repealed

15-31-804. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 59, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-805. Repealed

15-31-805. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 60, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-806. Repealed

15-31-806. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 61, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-807. Repealed

15-31-807. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 62, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 8. Foreign Capital Depository -- Assessment (Repealed) › 15-31-808. Repealed

15-31-808. Repealed.
Sec. 23, Ch. 163, L. 2005.
History: En. Sec. 63, Ch. 382, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-901. Terminated

15-31-901. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 1, Ch. 186, L. 2009.
History: En. Sec. 1, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-902. Terminated

15-31-902. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 1, Ch. 186, L. 2009.
History: En. Sec. 2, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-903. Terminated

15-31-903. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 1, Ch. 186, L. 2009.
History: En. Sec. 3, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-904. Terminated

15-31-904. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 1, Ch. 186, L. 2009.
History: En. Sec. 4, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-905. Terminated

15-31-905. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 1, Ch. 186, L. 2009.
History: En. Sec. 5, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-906. Terminated

15-31-906. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 9, Ch. 367, L. 2007; secs. 1, 2, Ch. 186, L. 2009.
History: En. Sec. 6, Ch. 593, L. 2005; amd. Sec. 1, Ch. 367, L. 2007.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-907. Terminated

15-31-907. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 9, Ch. 367, L. 2007; secs. 1, 2, Ch. 186, L. 2009.
History: En. Sec. 7, Ch. 593, L. 2005; amd. Sec. 2, Ch. 367, L. 2007.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-908. Terminated

15-31-908. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 9, Ch. 367, L. 2007; secs. 1, 2, Ch. 186, L. 2009.
History: En. Sec. 8, Ch. 593, L. 2005; amd. Sec. 3, Ch. 367, L. 2007.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-909. Repealed

15-31-909. Repealed.
Sec. 5, Ch. 367, L. 2007.
History: En. Sec. 9, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-910. Terminated

15-31-910. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 1, Ch. 186, L. 2009.
History: En. Sec. 10, Ch. 593, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated) › 15-31-911. Terminated

15-31-911. Terminated.
Sec. 17, Ch. 593, L. 2005; sec. 9, Ch. 367, L. 2007; secs. 1, 2, Ch. 186, L. 2009.
History: En. Sec. 11, Ch. 593, L. 2005; amd. Sec. 4, Ch. 367, L. 2007.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 10. Montana Economic Development › 15-31-1002. Purpose

15-31-1002. Purpose.
(1) The purpose of this part is to enhance Montana's economy by expanding film and related media production in the state, by increasing job opportunities for a broad array of workers, and by promoting the growth of small businesses. The objectives of this part are to:
(a) advertise Montana as open for business to qualifying projects;
(b) develop a broad spectrum of high-paying jobs in the state;
(c) encourage investment of funds to finance media production in the state;
(d) expand opportunities for existing Montana small businesses and for new small businesses that provide goods and services to qualified projects; and
(e) promote tourism in the state.
(2) The objectives in subsection (1) will best be achieved by offering tax incentives as provided in this part.
History: En. Sec. 2, Ch. 352, L. 2019.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 10. Montana Economic Development › 15-31-1006. Production expenditure verification report

15-31-1006. Production expenditure verification report.
(1) A production company with a base investment of more than $350,000 that claims the credit provided for in 15-31-1007 shall submit a production expenditure verification report to the department of revenue as provided in this section. The report must be submitted with the submission of costs required by 15-31-1005(2)(a).
(2) The production expenditure verification report must:
(a) be issued by a certified public accountant who is unrelated to the production company and include a certification to that effect;
(b) be performed in accordance with the accounting standards generally accepted in the United States;
(c) be addressed to the person who engaged the accountant with a copy addressed to the production company or person who applies for the credit provided for in 15-31-1007;
(d) include the accountant's name, address, and telephone number;
(e) include the date of completion of the accountant's work; and
(f) contain a statement of acknowledgment by the accountant that the state is relying on the report to issue tax credits.
(3) The contents of the report must include:
(a) verification of the accuracy of the production expenditures and compensation submitted pursuant to 15-31-1005(2);
(b) an opinion from the accountant stating that there are no related party transactions or that material related party transactions are properly reported and accounted for, adequately disclosed, and explained in the report; and
(c) a statement that the submission of the production expenditures and compensation presents fairly, in all material aspects, the production expenditures and compensation expended in Montana pursuant to the provisions of this part.
(4) All costs associated with the report are the obligation of the production company.
History: En. Sec. 6, Ch. 352, L. 2019; amd. Sec. 3, Ch. 642, L. 2023.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 10. Montana Economic Development › 15-31-1008. Transfer of tax credit for media production -- transfer fee

15-31-1008. Transfer of tax credit for media production -- transfer fee.
(1) A tax credit for a state-certified production approved as provided in 15-31-1004 and 15-31-1005 and calculated pursuant to 15-31-1007 but not claimed by the production company may be transferred in whole or in part by the production company to another Montana taxpayer as provided in this section.
(2) A credit may be transferred only once each tax year. The transfer may involve one or more transferees.
(3) A transferee must acquire the credit for a minimum of 85% of its value.
(4) A transferred credit is subject to the carryforward period from the year in which the production company was eligible to claim the credit.
(5) A production company or taxpayer that transfers a tax credit shall submit to the department of revenue a written notification of the transfer of the tax credit within 30 days after the transfer. The notification must include the following information:
(a) the certification number of the state-certified production;
(b) the tax credit balance before and after the transfer;
(c) the tax identification number of the taxpayer to whom the credit was transferred;
(d) the amount of credit transferred; and
(e) any other information required by the department of revenue.
(6) The notification of the transfer of a tax credit must be accompanied by a fee equal to 2% of the value of the tax credit transferred. The transfer fee must be deposited in the general fund.
(7) A transferee has rights to claim the tax credit available to the production company or previous transferee only at the time of the transfer. If a production company or transferee did not have rights to claim the credit at the time of transfer, the department of revenue shall disallow the credit claimed by the taxpayer or recapture the credit. The transferee's recourse is against the production company or previous transferee and not against the state of Montana.
(8) The department shall administer the transfer of credits pursuant to this section.
History: En. Sec. 8, Ch. 352, L. 2019.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 10. Montana Economic Development › 15-31-1009. Tax credit for postproduction wages

15-31-1009. Tax credit for postproduction wages.
(1) Through the tax year ending December 31, 2029, a postproduction company that has incurred qualified postproduction wages in the tax year is allowed a credit against the taxes imposed by chapter 30 and this chapter if the taxpayer applies to the department of commerce as provided in 15-31-1004 and to the department of revenue as provided in 15-31-1005 and is approved to claim the credit.
(2) The tax credit is equal to 25% of qualified postproduction wages incurred in the state.
(3) A tax credit claimed under this section may not exceed the postproduction company's total compensation paid to employees working in this state for the tax year in which the credit is claimed.
(4) The tax credit allowed by this section may not be refunded if the taxpayer has no tax liability. Any unused credit may be carried forward for 5 years.
(5) A taxpayer claiming a credit shall include with the tax return the following information:
(a) the amount of tax credit claimed for the tax year;
(b) the amount of the tax credit previously claimed;
(c) the amount of the tax credit carried over from a previous tax year; and
(d) the amount of the tax credit to be carried over to a subsequent tax year.
(6) (a) A taxpayer claiming the credit provided for in this section must claim the credit as provided in subsection (6)(b).
(b) (i) An entity taxed as a corporation for Montana income tax purposes shall claim the credit on its corporate income tax return.
(ii) Individuals, estates, and trusts shall claim a credit allowed under this section on their individual income tax return.
(iii) An entity not taxed as a corporation shall claim the credit allowed under this section on member or partner returns as follows:
(A) corporate partners or members shall claim their share of the credit on their corporate income tax returns;
(B) individual partners or members shall claim their share of the credit on their individual income tax returns; and
(C) partners or members that are estates or trusts shall claim their share of the credit on their fiduciary income tax returns.
(c) In order to prevent disguised sales of the credit provided for in this section, allocations of credits through partnership and membership agreements may not be recognized unless they have a substantial economic effect as that term is defined in 26 U.S.C. 704 and applicable federal regulations.
(7) A postproduction company may not claim a credit under this section for production expenditures for which the media production credit provided for in 15-31-1007 is claimed.
History: En. Sec. 9, Ch. 352, L. 2019; amd. Sec. 17, Ch. 352, L. 2019.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 10. Montana Economic Development › 15-31-1011. Report to legislature

15-31-1011. Report to legislature.
(1) The department of commerce shall provide a written report about the economic impact of the tax credits provided for in 15-31-1007 through 15-31-1009 to the revenue interim committee provided for in 5-5-227. The report must be provided no less than 6 months before the start of the 2021 regular legislative session and, pursuant to 5-11-210, every 2 years thereafter, and must be posted on the department of commerce's website.
(2) The report must include:
(a) the overall impact of the tax credits;
(b) the dollar amount of tax credits issued;
(c) the number of net new jobs created;
(d) the amount of compensation paid;
(e) the economic impact of the film industry in the state;
(f) the names of all state certified productions eligible to claim tax credits; and
(g) any other information that describes the impact of the tax credits.
(3) The department of commerce shall contract with a research organization to prepare the report required by this section. The research organization may not be affiliated with the film industry or with the department of commerce. The department of commerce may use the fees collected pursuant to 15-31-1004 or other funding to pay for the report.
(4) The department of commerce shall make recommendations to the revenue interim committee on whether to make changes to the tax credits provided for in 15-31-1007 through 15-31-1009, including changes to the cap provided for in 15-31-1010. The revenue interim committee may make recommendations to the legislature based on the information contained in the report and the department of commerce's recommendations.
History: En. Sec. 11, Ch. 352, L. 2019; amd. Sec. 20, Ch. 163, L. 2019.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax › Part 10. Montana Economic Development › 15-31-1012. Rulemaking

15-31-1012. Rulemaking.
(1) The department of commerce and the department of revenue shall adopt rules necessary to implement and administer this part. The rules must include procedures for:
(a) determining production expenditures allowed under 15-31-1007 and postproduction wages allowed under 15-31-1009;
(b) administering the transfer of credits and the registration and reporting requirements of credit brokers pursuant to 15-31-1008; and
(c) reviewing taxpayer compliance with the provisions of 15-31-1004.
(2) The department of revenue and the department of commerce shall jointly adopt rules related to the content of the definitions in 15-31-1003.
History: En. Sec. 12, Ch. 352, L. 2019.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-101. Purpose

15-32-101. Purpose.
The purpose of this part is to encourage the use of alternative energy sources and the conservation of energy through incentive programs. The incentives are to be made available to the energy user on a basis that requires the energy user to take the initiative in obtaining a particular incentive.
History: En. 84-7401 by Sec. 1, Ch. 548, L. 1975; amd. Sec. 7, Ch. 576, L. 1977; R.C.M. 1947, 84-7401; amd. Sec. 178, Ch. 56, L. 2009; amd. Sec. 1, Ch. 11, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-103. Deduction for energy-conserving investments

15-32-103. Deduction for energy-conserving investments.
(1) In addition to all other deductions from gross corporate income allowed in computing net income under chapter 31, part 1, a taxpayer may deduct a portion of the taxpayer's expenditure for a capital investment in a building for an energy conservation purpose, in accordance with the following schedule:
If the installation or investment
If the installation or investment is made
is made in a residential building:
in a building not used as a residence:
100% of first $1,000 expended
100% of first $2,000 expended
50% of next $1,000 expended
50% of next $2,000 expended
20% of next $1,000 expended
20% of next $2,000 expended
10% of next $1,000 expended
10% of next $2,000 expended
(2) This tax treatment is subject to approval of the department, as provided in 15-32-106, and may not be claimed for so much of the expenditure and capital investment as is financed by a state, federal, or private grant for energy conservation.
History: En. 84-7403 by Sec. 3, Ch. 548, L. 1975; amd. Sec. 1, Ch. 576, L. 1977; R.C.M. 1947, 84-7403; amd. Sec. 5, Ch. 480, L. 1981; amd. Sec. 1, Ch. 133, L. 1989; amd. Sec. 179, Ch. 56, L. 2009.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-104. Limitations on deduction and credit

15-32-104. Limitations on deduction and credit.
Tax treatment under 15-32-103 is limited to persons and firms not primarily engaged in the provision of gas or electricity derived from fossil fuel extraction or conventional hydroelectric development.
History: En. 84-7406 by Sec. 6, Ch. 548, L. 1975; R.C.M. 1947, 84-7406; amd. Sec. 6, Ch. 480, L. 1981; amd. Sec. 2, Ch. 524, L. 2003; amd. Sec. 31, Ch. 503, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-105. Application to new construction -- rules

15-32-105. Application to new construction -- rules.
(1) It is the intent of the legislature that no deduction or credit under this part be allowed for capital investment for an energy conservation practice in the new construction of a building if that capital investment would have been made under established standards of new construction. The department of revenue shall adopt rules to implement this legislative intent. Such rules shall be based on the best currently available methods of analysis, including those of the national bureau of standards, the department of housing and urban development, and other federal agencies and professional societies and materials developed by the department. Provisions shall be made for an annual updating of rules and standards as required.
(2) The department may adopt rules to define standard components of conventional buildings and to establish other necessary elements of the definition of passive solar system consistent with the intent of 15-32-102.
History: En. Sec. 6, Ch. 576, L. 1977; amd. Sec. 7, Ch. 480, L. 1981.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-106. Procedure for obtaining benefit of deduction

15-32-106. Procedure for obtaining benefit of deduction.
The department of revenue shall approve a deduction under 15-32-103 that demonstrably promotes energy conservation or uses a recognized nonfossil form of energy generation. The department of revenue may refer a deduction involving energy generation to the department of environmental quality for its advice, and the department of environmental quality shall respond within 60 days. The department of revenue may refer a deduction involving energy conservation to the department of labor and industry for its advice, and the department of labor and industry shall respond within 60 days. The department of revenue may deny a deduction that it finds to be impractical or ineffective.
History: En. 84-7404 by Sec. 4, Ch. 548, L. 1975; R.C.M. 1947, 84-7404; amd. Sec. 8, Ch. 480, L. 1981; amd. Sec. 2, Ch. 133, L. 1989; amd. Sec. 42, Ch. 418, L. 1995; amd. Sec. 1, Ch. 338, L. 2003; amd. Sec. 32, Ch. 503, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-107. Repealed

15-32-107. Repealed.
Sec. 3, Ch. 11, L. 2021.
History: En. 84-7405 by Sec. 5, Ch. 548, L. 1975; R.C.M. 1947, 84-7405; amd. Sec. 1, Ch. 666, L. 1979; amd. Sec. 1, Ch. 266, L. 1981; amd. Sec. 7, Ch. 610, L. 1983; amd. Sec. 1, Ch. 331, L. 1987; amd. Sec. 1, Ch. 535, L. 1993; amd. Sec. 31, Ch. 268, L. 2013.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-108. Repealed

15-32-108. Repealed.
Sec. 80, Ch. 130, L. 2005.
History: En. Sec. 9, Ch. 576, L. 1977; R.C.M. 1947, 84-7403.1; amd. Sec. 26, Ch. 581, L. 1979.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-109. Repealed

15-32-109. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 1, Ch. 480, L. 1981; amd. Sec. 10, Ch. 591, L. 2001; amd. Sec. 3, Ch. 524, L. 2003.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 1. Investment in Energy Conservation or Alternative Energy › 15-32-115. Repealed

15-32-115. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 2, Ch. 646, L. 1991; amd. Sec. 11, Ch. 591, L. 2001; amd. Sec. 1, Ch. 39, L. 2003; amd. Sec. 1, Ch. 455, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 2. Tax Credit for Installing Alternative Energy System (Repealed) › 15-32-201. Repealed

15-32-201. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. 84-7414 by Sec. 1, Ch. 574, L. 1977; R.C.M. 1947, 84-7414(1); amd. Sec. 1, Ch. 480, L. 1983; amd. Sec. 2, Ch. 513, L. 1985; amd. Sec. 3, Ch. 467, L. 1991; amd. Sec. 27, Ch. 10, L. 1993; amd. Sec. 75, Ch. 42, L. 1997; amd. Sec. 12, Ch. 591, L. 2001; amd. Sec. 2, Ch. 334, L. 2009.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 2. Tax Credit for Installing Alternative Energy System (Repealed) › 15-32-202. Repealed

15-32-202. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. 84-7414 by Sec. 1, Ch. 574, L. 1977; R.C.M. 1947, 84-7414(2).
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 2. Tax Credit for Installing Alternative Energy System (Repealed) › 15-32-203. Repealed

15-32-203. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. 84-7415 by Sec. 3, Ch. 574, L. 1977; R.C.M. 1947, 84-7415; amd. Sec. 3, Ch. 513, L. 1985; amd. Sec. 43, Ch. 418, L. 1995; amd. Sec. 2, Ch. 155, L. 2003.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 3. Tax Deduction for Purchasing Montana-Produced Organic Fertilizer and Inorganic Fertilizer Produced as Byproduct › 15-32-301. Purpose

15-32-301. Purpose.
The purpose of this part is to promote the use of organic matter produced by Montana industries and municipalities and inorganic matter produced as byproducts of industrial or mining activity to revitalize Montana lands and to assist in making organic fertilizer and inorganic fertilizer produced as a byproduct economically competitive with commercially produced inorganic fertilizer.
History: En. Sec. 1, Ch. 533, L. 1981; amd. Sec. 2, Ch. 218, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 3. Tax Deduction for Purchasing Montana-Produced Organic Fertilizer and Inorganic Fertilizer Produced as Byproduct › 15-32-302. Definitions

15-32-302. Definitions.
As used in this part, the following definitions apply:
(1) "Inorganic fertilizer produced as a byproduct" means enriched mine tailings, kiln dust, and reject rock that have been processed for use in increasing soil condition and fertility and includes soil amendments as that term is defined in 80-10-101.
(2) "Organic fertilizer" means raw organic matter that has been processed and aged for use in increasing soil condition and fertility and includes soil amendments as that term is defined in 80-10-101.
(3) "Raw organic matter" means unprocessed plant or animal waste products.
History: En. Sec. 2, Ch. 533, L. 1981; amd. Sec. 3, Ch. 218, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 3. Tax Deduction for Purchasing Montana-Produced Organic Fertilizer and Inorganic Fertilizer Produced as Byproduct › 15-32-303. Deduction for purchase of Montana-produced organic or inorganic fertilizer

15-32-303. Deduction for purchase of Montana-produced organic or inorganic fertilizer.
In addition to all other deductions from adjusted gross individual income allowed in computing taxable income under Title 15, chapter 30, or from gross corporate income allowed in computing net income under Title 15, chapter 31, part 1, a taxpayer may deduct expenditures for organic fertilizer and inorganic fertilizer produced as a byproduct produced in Montana and used in Montana if the expenditure was not otherwise deducted in computing taxable income.
History: En. Sec. 3, Ch. 533, L. 1981; amd. Sec. 18, Ch. 634, L. 1993 (voided by I.R. No. 112, Nov. 8, 1994); amd. Sec. 4, Ch. 218, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-401. Repealed

15-32-401. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 1, Ch. 648, L. 1983; amd. Sec. 13, Ch. 591, L. 2001.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-402. Repealed

15-32-402. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 2, Ch. 648, L. 1983; amd. Sec. 14, Ch. 591, L. 2001; amd. Secs. 4, 5(2)(b), Ch. 524, L. 2003; amd. Sec. 1, Ch. 333, L. 2019.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-403. Repealed

15-32-403. Repealed.
Secs. 4, 5(2), Ch. 609, L. 2003.
History: En. Sec. 3, Ch. 648, L. 1983; amd. Sec. 76, Ch. 42, L. 1997; amd. Sec. 1, Ch. 541, L. 2001; amd. Sec. 15, Ch. 591, L. 2001.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-404. Repealed

15-32-404. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 4, Ch. 648, L. 1983; amd. Sec. 2, Ch. 541, L. 2001; amd. Sec. 1, Ch. 609, L. 2003.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-405. Repealed

15-32-405. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 5, Ch. 648, L. 1983; amd. Sec. 8, Ch. 648, L. 1983; amd. Sec. 34, Ch. 114, L. 2003; amd. Sec. 3, Ch. 159, L. 2003; amd. Sec. 15, Ch. 532, L. 2005; amd. Sec. 6, Ch. 584, L. 2005; amd. Sec. 2, Ch. 15, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-406. Repealed

15-32-406. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 6, Ch. 648, L. 1983.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 4. Alternative Energy Generation (Repealed) › 15-32-407. Repealed

15-32-407. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 7, Ch. 648, L. 1983.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-501. Repealed

15-32-501. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 1, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-502. Repealed

15-32-502. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 2, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-503. Repealed

15-32-503. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 3, Ch. 538, L. 1999; amd. Sec. 2, Ch. 338, L. 2003.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-504. Repealed

15-32-504. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 4, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-505. Repealed

15-32-505. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 5, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-506. Repealed

15-32-506. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 6, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-507. Repealed

15-32-507. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 7, Ch. 538, L. 1999; amd. Sec. 3, Ch. 338, L. 2003.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-508. Repealed

15-32-508. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 8, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-509. Repealed

15-32-509. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 9, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 5. Mineral and Coal Exploration Incentives (Repealed) › 15-32-510. Repealed

15-32-510. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 10, Ch. 538, L. 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 6. Recycling of Material › 15-32-601. Definitions

15-32-601. Definitions.
For the purposes of this part, unless otherwise required by the context, the following definitions apply:
(1) "Collect" means the collection and delivery of reclaimable materials to a recycling or reclaimable materials processing facility.
(2) "Postconsumer material" means a product or packaging material that has served its final intended use, that has been discarded by an individual, commercial enterprise, or other entity after having fulfilled its intended application or use, and that is usually thrown away and hauled to landfills. This term does not include wastes generated during production of an end product.
(3) "Process" includes but is not limited to the treatment of hazardous wastes as defined in 75-10-403.
(4) (a) "Reclaimable material" means material that has useful physical or chemical properties after serving a specific purpose and that would normally be disposed of as solid waste, as defined in 75-10-203, by a consumer, processor, or manufacturer.
(b) Except for claiming a tax credit as provided in 15-32-603(1)(d), material may not be considered reclaimed by the consumer, processor, or manufacturer that generated the material.
(5) "Recycled material" means a substance that is produced from reclaimed material as provided in 15-32-609.
History: En. Sec. 1, Ch. 712, L. 1991; amd. Sec. 1, Ch. 568, L. 1993; amd. Sec. 1, Ch. 542, L. 1995; amd. Sec. 1, Ch. 398, L. 2001.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 6. Recycling of Material › 15-32-602. Amount and duration of credit -- how claimed

15-32-602. Amount and duration of credit -- how claimed.
(1) An individual, corporation, partnership, or small business corporation, as defined in 15-30-3301, may receive a credit against taxes imposed by Title 15, chapter 30 or 31, for investments in depreciable property to collect or process reclaimable material or to manufacture a product from reclaimed material, if the taxpayer qualifies under 15-32-603.
(2) Subject to subsection (4), a taxpayer qualifying for a credit under 15-32-603 is entitled to claim a credit, as provided in subsection (3), for the cost of each item of property purchased to collect or process reclaimable material or to manufacture a product from reclaimed material only in the year in which the property was purchased.
(3) The amount of the credit that may be claimed under this section for investments in depreciable property is determined according to the following schedule:
(a) 25% of the cost of the property on the first $250,000 invested;
(b) 15% of the cost of the property on the next $250,000 invested; and
(c) 5% of the cost of the property on the next $500,000 invested.
(4) A credit may not be claimed for investments in depreciable property in excess of $1 million.
History: En. Sec. 2, Ch. 712, L. 1991; amd. Sec. 2, Ch. 542, L. 1995; amd. Sec. 2, Ch. 398, L. 2001.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 6. Recycling of Material › 15-32-604. Limitation of credit

15-32-604. Limitation of credit.
Notwithstanding the provisions of 15-32-602 and 15-32-603, a tax credit may not be claimed for an investment in property used to produce energy from reclaimed material.
History: En. Sec. 4, Ch. 712, L. 1991.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 6. Recycling of Material › 15-32-609. Recycled material qualifying for deduction -- purpose -- rulemaking

15-32-609. Recycled material qualifying for deduction -- purpose -- rulemaking.
(1) The purpose of providing a tax deduction for the purchase of recycled materials is to encourage the use of goods made from reclaimed materials, especially postconsumer materials, and to discourage consumption of the same goods made from new materials. To achieve this goal, the definition of recycled material must be left to department of revenue expertise. Definitions cannot be legislatively enacted to achieve the purpose of this section because of rapid changes in technology, social awareness, and market economics. It is the intent of the legislature that the department revise, as often as it considers necessary to fulfill the purpose of this section, the definition of qualifying recycled material.
(2) The department shall by rule adopted pursuant to 15-32-611 specify recycled material that qualifies for the deduction authorized by 15-32-610. The department shall classify qualifying recycled material into different categories based upon the reclaimed material used in producing the recycled material, the ultimate use of the recycled material produced from the reclaimed material, and the amount and type of reclaimed material the recycled material must contain. In the definition of recycled material, the department may consider the point in the manufacturing and consumption cycle from which material was reclaimed and other factors contributing to precise definitions.
(3) In addition to the public participation provisions of Title 2, chapter 4, the department shall establish a register of interested persons and experts in the field of recycling. Prior to proposing an administrative rule, the department shall mail a notice to the interested persons of the department's contemplated actions, soliciting their views on possible solutions or courses of action. All proposed and adopted rules must also be mailed to the interested persons.
(4) The rules must specify the unit of measurement for classifications of recycled materials. The measurement may be based upon volume, weight, fiber content, or other applicable standard.
(5) The department shall by rule designate one or more agencies that are generally recognized in the industry to certify the contents of recycled materials.
History: En. Sec. 2, Ch. 568, L. 1993.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 6. Recycling of Material › 15-32-610. Deduction for purchase of recycled material

15-32-610. Deduction for purchase of recycled material.
In addition to all other deductions from Montana taxable income allowed in computing taxable income under Title 15, chapter 30, or from gross corporate income allowed in computing net income under Title 15, chapter 31, part 1, a taxpayer may deduct an additional amount equal to 10% of the taxpayer's expenditures for the purchase of recycled material that was otherwise deductible by the taxpayer as business-related expense in Montana.
History: En. Sec. 5, Ch. 712, L. 1991; amd. Sec. 4, Ch. 568, L. 1993; amd. Sec. 33, Ch. 503, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 6. Recycling of Material › 15-32-611. Department to make rules

15-32-611. Department to make rules.
The department of revenue shall prescribe rules necessary to carry out the purposes of this part.
History: En. Sec. 6, Ch. 712, L. 1991.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 7. Biodiesel Production (Repealed) › 15-32-701. Repealed

15-32-701. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 1, Ch. 524, L. 2005; amd. Sec. 1, Ch. 168, L. 2007.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 7. Biodiesel Production (Repealed) › 15-32-702. Repealed

15-32-702. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 2, Ch. 524, L. 2005; amd. Sec. 2, Ch. 168, L. 2007.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 32. Energy-Related and Ecological Tax Incentives › Part 7. Biodiesel Production (Repealed) › 15-32-703. Repealed

15-32-703. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 1, Ch. 525, L. 2005; amd. Sec. 3, Ch. 168, L. 2007; amd. Sec. 3, Ch. 3, L. 2015; amd. Sec. 13, Ch. 163, L. 2019; amd. Sec. 1, Ch. 12, L. 2021; amd. Sec. 35, Ch. 261, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 33. Small Business Investment Incentives › Part 1. Small Business Investment Companies -- Tax Exemptions › 15-33-102. Purpose

15-33-102. Purpose.
The purpose of this part is to encourage private sector investment in venture capital firms called small business investment companies that are organized for the purpose of diversifying and strengthening employment opportunities of companies within Montana. This part, by establishing limited tax exemptions, demonstrates a recognition by the legislature that significant incentives must be offered to attract private risk capital to manufacturing, technology, technology infrastructure, power generation, agricultural, and timber product processing companies. The legislature further recognizes the necessity of tax incentives for investors in manufacturing, technology, technology infrastructure, power generation, agricultural, and timber product processing companies.
History: En. Sec. 2, Ch. 571, L. 1981; amd. Sec. 1, Ch. 523, L. 2001.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 33. Small Business Investment Incentives › Part 1. Small Business Investment Companies -- Tax Exemptions › 15-33-103. Definition

15-33-103. Definition.
For the purposes of this part, "small business investment company" or "SBIC" means a small business investment company as defined in section 103 of the federal Small Business Investment Act of 1958, as amended.
History: En. Sec. 3, Ch. 571, L. 1981.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 33. Small Business Investment Incentives › Part 1. Small Business Investment Companies -- Tax Exemptions › 15-33-104. Reporting -- recordkeeping by the department

15-33-104. Reporting -- recordkeeping by the department.
The presiding officer or president of each small business investment company shall report on a form established by the department on a monthly basis the name of each investor, the amount of the investment made, and the date of investment.
History: En. Sec. 4, Ch. 571, L. 1981; amd. Sec. 180, Ch. 56, L. 2009.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 33. Small Business Investment Incentives › Part 1. Small Business Investment Companies -- Tax Exemptions › 15-33-105. Rulemaking authority

15-33-105. Rulemaking authority.
The department of revenue may adopt rules necessary to carry out the provisions of this part.
History: En. Sec. 5, Ch. 571, L. 1981.