Partnertax.ai
Start free trial →

Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-30-3328

Pass-Through Entity Tax -- Refundable Credit -- Credit For Taxes Paid To Another State

Official textleg.mt.gov

15-30-3328 . Pass-through entity tax -- refundable credit -- credit for taxes paid to another state.

# (1)

An owner that is not a pass-through entity may claim the distributive share of the owner's entity tax paid by an electing pass-through entity as a refundable credit against the taxes under this chapter.

# (2)

An owner that is an electing pass-through entity shall claim its distributive share of entity tax paid by another pass-through entity as a refundable credit against the taxes under 15-30-3312 , 15-30-3313 , or 15-30-3326 (1).

# (3)

An owner that is not an electing pass-through entity must allocate its distributive share of entity tax paid by another pass-through entity and any amount of estimated tax paid to owners subject to tax under this chapter based on the owner's share of profit and loss. The owner that is not an electing pass-through entity may claim the remainder as an overpayment or refund.

# (4)

Sections 15-30-3325 through 15-30-3328 do not prevent a resident owner from claiming a credit for taxes paid to another state as provided in 15-30-2302 .

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 15-30-3005 · Montana Farm And Ranch Risk Management Account --…
  2. 15-30-3101 · Purpose
  3. 15-30-3102 · Definitions
  4. 15-30-3103 · Requirements For Student Scholarship Organizations
  5. 15-30-3104 · Tuition Payment Limitation
  6. 15-30-3105 · Reporting Requirements For Student Scholarship…
  7. 15-30-3106 · Student Scholarship Organizations -- Listing On Website
  8. 15-30-3107 · Through 15-30-3109 Reserved
  9. 15-30-3110 · Credit For Providing Supplemental Funding To Public…
  10. 15-30-3111 · Qualified Education Tax Credit For Donations To Student…
  11. 15-30-3112 · Report To Revenue Interim Committee -- Student Scholarship…
  12. 15-30-3113 · Review Determination -- Termination -- Confidentiality
  13. 15-30-3114 · Rulemaking
  14. 15-30-3301 · Definition Of Small Business Corporation
  15. 15-30-3302 · Income Or License Tax Involving Pass-Through Entities --…
  16. 15-30-3303 · Through 15-30-3310 Reserved
  17. 15-30-3311 · Taxation Of Partners, Shareholders, Managers, And Members
  18. 15-30-3312 · Composite Returns And Tax
  19. 15-30-3313 · Consent Or Withholding -- Rulemaking
  20. 15-30-3314 · Review Of Pass-Through Entity Taxation By Department
  21. 15-30-3315 · Electronic Partnership Return Required -- Waiver --…
  22. 15-30-3316 · Through 15-30-3320 Reserved
  23. 15-30-3321 · Small Business Option Unavailable On Dissolution --…
  24. 15-30-3322 · Through 15-30-3324 Reserved
  25. 15-30-3325 · Definitions
  26. 15-30-3326 · Pass-Through Entity Tax
  27. 15-30-3327 · Making Pass-Through Entity Tax Election
  28. 15-30-3328 · Pass-Through Entity Tax -- Refundable Credit -- Credit For…
  29. 15-30-3401 · Definitions
  30. 15-30-3402 · State Partnership Representative
  31. 15-30-3403 · Reporting And Payment Requirements For Partnerships…
  32. 15-30-3404 · Election -- Partnership Pays -- Rulemaking
  33. 15-30-3405 · Modified Reporting And Payment Method
  34. 15-30-3406 · Effect Of Election By Audited Partnership Or Tiered…
  35. 15-30-3407 · De Minimis Exception -- Rulemaking
  36. 15-30-3408 · Estimated Tax Payments During Course Of Federal Audit
  37. 15-30-3701 · Short Title
  38. 15-30-3702 · Definitions
  39. 15-30-3703 · Taxation Of Qualifying Net Capital Gains From Sale Of…
  40. 15-30-3704 · Tax On Qualifying Net Capital Gains
Full table of contents →