HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 42.4.1603 Prev     Up     Next    
Rule Title: PERIOD OF ELIGIBILITY
Add to My Favorites
Add to Favorites
Department: REVENUE
Chapter: TAX CREDITS
Subchapter: Corporation - New and Expanded Industry Credit
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

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.


 

 
MAR Notices Effective From Effective To History Notes
42-2-785 1/18/2008 Current 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.
8/20/2004 1/18/2008 History: Sec. 15-31-127 and 15-31-501, MCA; IMP, Sec. 15-31-124, 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.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security