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Rule: 42.26.303 Prev     Up     Next    
Rule Title: REVOCATION OR NONRENEWAL OF WATER'S-EDGE ELECTIONS
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Department: REVENUE
Chapter: CORPORATE MULTISTATE ACTIVITIES
Subchapter: Water's-Edge
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.26.303    REVOCATION OR NONRENEWAL OF WATER'S-EDGE ELECTIONS

(1) If a taxpayer wishes to change its election prior to the end of the three-year period, permission must first be received from the department. The department shall impose reasonable conditions necessary to insure that the requested change will not result in an avoidance of tax and that income for the period prior to the change has been properly reported. In the year of the change, the department may, for the purposes provided for in law, require the inclusion of gross income or the exclusion of deductions either of which occurred because of a water's-edge filing for that period.

History: 15-31-501, MCA; IMP, 15-31-324, MCA; NEW, 1988 MAR p. 278, Eff. 2/12/88; TRANS, from 42.26.216 and AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2004 MAR p. 1034, Eff. 4/23/04; AMD, 2011 MAR p. 2053, Eff. 9/23/11.


 

 
MAR Notices Effective From Effective To History Notes
42-2-863 9/23/2011 Current History: 15-31-501, MCA; IMP, 15-31-324, MCA; NEW, 1988 MAR p. 278, Eff. 2/12/88; TRANS, from 42.26.216 and AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2004 MAR p. 1034, Eff. 4/23/04; AMD, 2011 MAR p. 2053, Eff. 9/23/11.
4/23/2004 9/23/2011 History: Sec. 15-31-501, MCA; IMP, Sec. 15-31-324, MCA; NEW, 1988 MAR p. 278, Eff. 2/12/88; TRANS, from 42.26.216 and AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2004 MAR p. 1034, Eff. 4/23/04.
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