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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-31-401

Application Of Corporate Income Tax And Alternative Corporate Income Tax

Official textleg.mt.gov

15-31-401 . Application of corporate income tax and alternative corporate income tax.

# (1)

It is the intent of the legislature that the corporate income tax must be applied to all corporations subject to taxation under part 1 of this chapter. Except as provided in subsection (2), the alternative corporate income tax provided by this part must be applied to corporations that are not taxable under part 1 of this chapter but are taxable under an income tax.

# (2)

During its first 5 taxable years of activity in Montana, the net income earned from research and development activities by a research and development firm as described in 15-31-103 is not subject to either the corporate income tax provided in part 1 of this chapter or to the alternative corporate income tax provided in this part.

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In this chapter (40 sections)
  1. 15-31-301 · Corporations Subject To Allocation And Apportionment
  2. 15-31-302 · Definitions
  3. 15-31-303 · When Taxable In Another State
  4. 15-31-304 · Allocation Of Nonapportionable Income
  5. 15-31-305 · Apportionment Of Apportionable Income
  6. 15-31-306 · Repealed
  7. 15-31-307 · Repealed
  8. 15-31-308 · Repealed
  9. 15-31-309 · Repealed
  10. 15-31-310 · Definition Of Receipts Factor
  11. 15-31-311 · Receipts Factor For Receipts In This State
  12. 15-31-312 · Apportionment Formula -- Unitary Business Provisions
  13. 15-31-313 · Rules
  14. 15-31-314 · Through 15-31-320 Reserved
  15. 15-31-321 · Definitions
  16. 15-31-322 · Water's-Edge Election
  17. 15-31-323 · Apportionment Factors
  18. 15-31-324 · Water's-Edge Election Period -- Consent -- Change Of…
  19. 15-31-325 · Treatment Of Dividends
  20. 15-31-326 · Domestic Disclosure Spreadsheet
  21. 15-31-401 · Application Of Corporate Income Tax And Alternative…
  22. 15-31-402 · Short Title -- Administration Of Part
  23. 15-31-403 · Rate Of Tax Imposed -- Income From Sources Within State…
  24. 15-31-404 · Offset For Corporate Income Taxes -- Alternative Corporate…
  25. 15-31-405 · Information Return -- Period For Assessment Of Tax
  26. 15-31-406 · Corporate Income Tax Sections Incorporated By Reference
  27. 15-31-407 · Employment Of Personnel -- Rules
  28. 15-31-408 · Repealed
  29. 15-31-501 · Department Rules -- Conformance With Internal Revenue Code
  30. 15-31-502 · Assessment And Payment Of Tax -- Estimated Tax Payment --…
  31. 15-31-503 · Deficiency Assessment -- Notice -- Penalty And Interest
  32. 15-31-504 · Estimated Tax On Failure To File
  33. 15-31-505 · Subpoenas -- Investigation Of Income, And Shifting
  34. 15-31-506 · Copy Of Federal Return Required -- Report Of Amended…
  35. 15-31-507 · Repealed
  36. 15-31-508 · Repealed
  37. 15-31-509 · Periods Of Limitation
  38. 15-31-510 · Estimated Payments -- Tax Returns -- Penalty And Interest
  39. 15-31-511 · Confidentiality Of Tax Records
  40. 15-31-512 · Through 15-31-520 Reserved
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