42.4.1603 PERIOD OF ELIGIBILITY
(1) As used in this subchapter, period of eligibility means:
(a) in the case of a new corporation, the consecutive three-year period during which a credit may be claimed, commencing from the initial act of doing business in Montana; or
(b) in the case of an expanding corporation, the consecutive three-year period during which a credit may be claimed, commencing with the increase in total full-time jobs by 30% or more within a 12 month period.
(2) Those periods of time before actual production of a product, during which support, planning, construction of facilities, and other preparatory activities occur, shall be included in determining the period of eligibility.
History: 15-31-127, 15-31-501, MCA; IMP, 15-31-124, 15-31-125, MCA; NEW, Eff. 4/6/76; AMD, 2000 MAR p. 1346, Eff. 5/26/00; TRANS, from ARM 42.23.512, 2004 MAR p. 1965, Eff. 8/20/04; AMD, 2008 MAR p. 60, Eff. 1/18/08.