HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 42.26.259 Prev     Up     Next    
Rule Title: SALE OF TANGIBLE AND INTANGIBLE PROPERTY COMPUTATION OF THE RECEIPTS FACTOR
Add to My Favorites
Add to Favorites
Department: REVENUE
Chapter: CORPORATE MULTISTATE ACTIVITIES
Subchapter: Income Allocation and Apportionment
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

42.26.259    SALE OF TANGIBLE AND INTANGIBLE PROPERTY COMPUTATION OF THE RECEIPTS FACTOR

(1) Refer to ARM 42.26.202 for definitions applicable to this rule.

(2) If a taxpayer derives receipts from the sale of tangible property or the sale or redemption of intangible property not held primarily for sale to customers in the ordinary course of its trade or business such receipts will constitute sales for inclusion in the receipts factor to the following extent:

(a) Only the net receipts from the sale of tangible or the sale or redemption of intangible property shall be included in the receipts factor.

(b) In the case where the taxpayer has multiple transactions from the sale of tangible or the sale or redemption of intangible property only the net gains in excess of net losses will be included in the receipts factor.

(c) Before the net receipts from the sale of tangible property or the sale or redemption of intangible property may be included in the receipts factor the sales transactions must constitute apportionable income to the taxpayer.

 

History: 15-31-313, 15-31-501, MCA; IMP, 15-31-310, 15-31-311, 15-31-312, MCA; NEW, 1988 MAR p. 1992, Eff. 9/9/88; AMD, 1993 MAR p. 572, Eff. 4/16/93; AMD, 2017 MAR p. 2328, Eff. 1/1/18.


 

 
MAR Notices Effective From Effective To History Notes
42-2-985 1/1/2018 Current History: 15-31-313, 15-31-501, MCA; IMP, 15-31-310, 15-31-311, 15-31-312, MCA; NEW, 1988 MAR p. 1992, Eff. 9/9/88; AMD, 1993 MAR p. 572, Eff. 4/16/93; AMD, 2017 MAR p. 2328, Eff. 1/1/18.
4/16/1993 1/1/2018 History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Sec. 15-31-310, 15-31-311, and 15-31-312, MCA; NEW, 1988 MAR p. 1992, Eff. 9/9/88; AMD, 1993 MAR p. 572, Eff. 4/16/93.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security