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Rule Title: PRINCIPAL PURPOSE DEFINED
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Department: REVENUE, DEPARTMENT OF
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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42.23.115    PRINCIPAL PURPOSE DEFINED

(1) In order for a firm to qualify as a research and development firm, over 50% of the real and tangible personal property located in Montana and 50% of its Montana payroll must be directly related to research and development activities.

History: Sec. 15-31-501, MCA; IMP, Sec. 15-1-101, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87.


 

 
MAR Notices Effective From Effective To History Notes
10/16/1987 Current History: Sec. 15-31-501, MCA; IMP, Sec. 15-1-101, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87.
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