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Rule Title: DEFINITIONS
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Department: REVENUE
Chapter: INCOME TAX
Subchapter: Montana Additions and Subtractions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.15.204    DEFINITIONS

The following definitions apply to rules found in this subchapter:

(1) "Armed forces" means the United States Army, Navy, Marine Corps, Air Force, or Coast Guard.

(2) "Obligation" means, for the purposes of determining the applicability of the exclusion of interest income, an interest-bearing financial instrument of the United States government, a state, or a political subdivision, in the form of a bond, other written certificate, or loan issued pursuant to the exercise of such governmental body's borrowing power for use in governmental operations.

 

History: 15-30-2620, MCA; IMP, 15-30-2117, MCA; NEW, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10; AMD, 2019 MAR p. 2384, Eff. 12/28/19.


 

 
MAR Notices Effective From Effective To History Notes
42-1001 12/28/2019 Current History: 15-30-2620, MCA; IMP, 15-30-2117, MCA; NEW, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10; AMD, 2019 MAR p. 2384, Eff. 12/28/19.
42-2-820 4/30/2010 12/28/2019 History: 15-30-2620, MCA; IMP, 15-30-2117, MCA; NEW, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.
12/17/2004 4/30/2010 History: Sec. 15-30-305, MCA; IMP, Sec. 15-30-116, MCA; NEW, 2004 MAR p. 3147, Eff. 12/17/04.
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