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Rule: 42.23.113 Prev     Up     Next    
Rule Title: RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD
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Department: REVENUE
Chapter: CORPORATE INCOME TAX - GENERAL
Subchapter: General Provisions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.23.113    RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD

(1) An entity that qualifies as a research and development firm as defined in 15-1-101, MCA, and is incorporated or qualified to do business in Montana on or after July 1, 1987, is exempt from the corporate income tax on the net income earned from research and development activities for its first five tax periods.

 

History: 15-31-501, MCA; IMP, 15-31-103, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87; AMD, 2001 MAR p. 2046, Eff. 10/12/01; AMD, 2016 MAR p. 2198, Eff. 11/26/16.


 

 
MAR Notices Effective From Effective To History Notes
42-2-960 11/26/2016 Current History: 15-31-501, MCA; IMP, 15-31-103, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87; AMD, 2001 MAR p. 2046, Eff. 10/12/01; AMD, 2016 MAR p. 2198, Eff. 11/26/16.
10/12/2001 11/26/2016 History: Sec. 15-31-501, MCA; IMP, Sec. 15-31-103, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87; AMD, 2001 MAR p. 2046, Eff. 10/12/01.
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