Montana Code Annotated — Title 15 (Taxation)
Mont. Code Ann. § 15-65-122
Qualification Of Nonprofit Entities For Receipt Of Funds -- Limitation On Administrative Costs
15-65-122 . Qualification of nonprofit entities for receipt of funds -- limitation on administrative costs.
# (1)
The department of revenue shall provide the council with quarterly reports of regional tax proceeds and tax proceeds of cities, consolidated city-counties, resort areas, and resort area districts that qualify for disbursement of funds under 15-65-121 .
# (2)
Funds may not be disbursed to a regional nonprofit tourism corporation or nonprofit convention and visitors bureau until that entity has submitted an annual marketing plan to the council and that plan has been approved by the council.
# (3)
A maximum of 20% of the funds received by a regional nonprofit tourism corporation or nonprofit convention and visitors bureau may be used for administrative purposes as defined by the council.
Source: view the official text
In this chapter (16 sections)
- 15-65-101 · Definitions
- 15-65-102 · Rulemaking Authority
- 15-65-103 · Through 15-65-110 Reserved
- 15-65-111 · Tax Rate
- 15-65-112 · Collection And Reporting
- 15-65-113 · Audits -- Records
- 15-65-114 · Seller's Permit -- Application To Department -- Collection…
- 15-65-115 · Failure To Pay Or File -- Penalty And Interest -- Review --…
- 15-65-116 · Credit For Overpayment -- Interest On Overpayment
- 15-65-117 · Through 15-65-120 Reserved
- 15-65-121 · Distribution Of Tax Proceeds
- 15-65-122 · Qualification Of Nonprofit Entities For Receipt Of Funds --…
- 15-65-123 · Through 15-65-130 Reserved
- 15-65-131 · State Agencies To Account For In-State Lodging Expenditures
- 15-65-132 · Through 15-65-135 Reserved
- 15-65-136 · Terminated